1.  Overview the trade of TURKEY in goods current year until 202304

According to Dalian Infobank, in 202304, TURKEY's exports and imports of goods amounted to 47399.5740 million, and were down 10.31% comparing with the same period of last year. Among these, exports were down 17.28% at 19330.6837 million, and imports were down 4.79% at 28068.8904 million. And the corresponding trade deficit was 8738.2067 million and up 42.95%.

During the current year until 202304, TURKEY's total exports and imports of goods were 205254.4897 million and were up 2.75% comparing to the same period of last year. Among these, exports were 80929.7655 million and down 3.27%; imports were 124324.7241 million and up 7.09%. The total trade deficit was 43394.9586 million and up 33.84%.

If considering by country (region), RUSSIA, GERMANY, CHINA, OTHER COUNTRIES, SWITZERLAND were TURKEY's top five trading partners. During the current year until 202304, TURKEY's imports and exports to five countries/territories were 21202.3702 million, 15875.3210 million, 15084.7445 million, 11358.5532 million, 10226.6721 million. These values correspond to 10.33%, 7.73%, 7.35%, 5.53%, 4.98% of TURKEY's imports and exports, and, respectively, were up 7.08%, up 7.02%, up 5.66%, down 22.98%, up 562.52% comparing to the same period of last year.

Current year until 202304, TURKEY and the top five trade partners GERMANY, UNITED STATES, ITALY, RUSSIA, UNITED KINGDOM are the top five countries/territories that TURKEY exports to in terms of the total export amount. During the current year until 202304, TURKEY's exports to these five countries/territories were 7119.3649 million, 4819.2365 million, 4179.2998 million, 3947.2637 million, 3879.8698 million. These values correspond to 8.80%, 5.95%, 5.16%, 4.88%, 4.79% of TURKEY's exports and, respectively, were down 2.62%, down 17.71%, down 7.39%, up 144.35%, down 11.46% comparing with the same period of last year.

Current year until 202304, TURKEY's exports to top five countries/territories RUSSIA, CHINA, OTHER COUNTRIES, SWITZERLAND, GERMANY are the top five countries/territories that TURKEY imports from in terms of the total export amount. During the current year until 202304, TURKEY's imports from these five countries/territories were 17255.1066 million, 14138.4144 million, 10718.0145 million, 9482.0238 million, 8755.9561 million. These values correspond to 13.88%, 11.37%, 8.62%, 7.63%, 7.04% of TURKEY's total imports and, respectively, were down 5.12%, up 7.26%, down 27.07%, up 746.96%, up 16.38% comparing with the same period of last year.

During the current year until 202304, the trade surplus of TURKEY was mainly from IRAQ, UNITED KINGDOM, ISRAEL, NETHERLANDS, ROMANIA at 3338.2502 million, 1730.4606 million, 1276.3218 million, 770.1045 million, 769.6605 million, and down 8.88%, down 26.60%, down 30.09%, down 39.93%, down 25.91%. And the trade deficits were mainly from RUSSIA, CHINA, OTHER COUNTRIES, SWITZERLAND, SOUTH KOREA at 13307.8429 million, 13192.0844 million, 10077.4759 million, 8737.3755 million, 2567.9345 million, and down 19.69%, up 9.14%, down 31.19%, up 1156.35%, down 4.31%.

Current year until 202304, TURKEY's trade surplus or deficit with top five countries/territories During the current year until 202304,  commodities with hs2 codes, 27, 84, 87, 71, 85, were TURKEY's top five traded commodities. They correspond to the import and export values of 30775.7633 million, 21125.6893 million, 18325.9562 million, 16408.2579 million, 13985.3241 million, which were down 17.05%, up 17.98%, up 36.35%, up 150.49%, up 29.03% comparing with the same period of last year and account for 14.99%, 10.29%, 8.93%, 7.99%, 6.81% of TURKEY's total imports and exports.

During the current year until 202304, 87, 84, 85, 27, 39 were TURKEY's top five traded commodities, with total import and export values of 9863.1153 million, 8211.6116 million, 4888.9435 million, 4436.8296 million, 3505.4059 million. These values correspond to 12.19%, 10.15%, 6.04%, 5.48%, 4.33% of TURKEY's total exports and, respectively, were up 14.03%, up 11.89%, up 12.73%, up 2.62%, down 10.64% comparing to the same period of last year.

During the current year until 202304, 27, 71, 84, 85, 87 were TURKEY's top five traded commodities, with total import values of 26338.9337 million, 12935.7465 million, 12914.0778 million, 9096.3806 million, 8462.8409 million. These values correspond to 21.19%, 10.40%, 10.39%, 7.32%, 6.81% of TURKEY's total exports and, respectively, were down 19.65%, up 283.22%, up 22.21%, up 39.90%, up 76.67% comparing to the same period of last year.

2. Current year until 202304, TURKEY binational trade profile

According to Dalian Infobank, during the current year until 202304, TURKEY-China binational exports and imports of goods amounted to 15084.7445 million and were up 5.66% comparing with the same period of last year. Among these, exports from TURKEY to China were 946.3301 million and down 13.59%, imports from China to TURKEY were 14138.4144 million and up 7.26%. The total binational trade deficit was 13192.0844 million and up 9.14%.

During the urrent year until 202304, commodities with hs2 code, 85, 84, 72, 29, 39, were binational trade's top five traded commodities. They correspond to import and export values of 4125.5866 million, 3469.3731 million, 843.3111 million, 784.1180 million, 651.4984 million and makes up 27.35%, 23.00%, 5.59%, 5.20%, 4.32% of the total binational imports and exports. These values were also up 51.85%, up 17.03%, down 1.70%, down 35.97%, down 15.78% comparing to the same period last year.

During the current year until 202304, 26, 25, 28, 84, 52 were the top five traded commodities exported to China from TURKEY, with export values of 304.0998 million, 137.1037 million, 111.4306 million, 37.7059 million, 30.6058 million. These values account for 32.13%, 14.49%, 11.78%, 3.98%, 3.23% of TURKEY's total exports and were down 6.64%, down 19.30%, up 36.49%, down 41.72%, up 143.10% comparing to the same period of last year.

During the current year until 202304, 85, 84, 72, 29, 39 were TURKEY's top five traded commodities importing from China , with import values of 4111.4156 million, 3431.6671 million, 836.3404 million, 782.1966 million, 642.7270 million. These values account for 29.08%, 24.27%, 5.92%, 5.53%, 4.55% of TURKEY's total imports and were up 52.32%, up 18.35%, down 2.38%, down 35.79%, down 15.91% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: State Institute of Statistics