Country intelligence · TUR · 2024

Turkey trade profile

In 2024, Turkey recorded $266.5B in merchandise exports and $320.3B in imports, producing a $53.8B trade deficit. Exports changed +2.5% from the previous year, while imports changed -5.3%.[1]

Exports

$266.5B

+2.5%

Imports

$320.3B

-5.3%

Trade balance

-$53.8B

deficit

Active partners

270

46 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$266.5B$320.3B-$53.8B+2.5%
2023$260.1B$338.2B-$78.2B+0.8%
2022$258.1B$335.8B-$77.7B+13.8%
2021$226.9B$255.7B-$28.9B+33.0%
2020$170.6B$208.0B-$37.5B-7.2%
2019$183.8B$198.5B-$14.7B+2.0%
2018$180.3B$218.5B-$38.2B+10.6%
2017$163.1B$222.2B-$59.1B+8.9%
2016$149.7B$187.4B-$37.6B-0.8%
2015$150.9B$197.9B-$47.1B-8.7%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 87 · Vehicles

87 active HS6 lines · 187 export partners

$33.6B
2

HS 84 · Machinery

515 active HS6 lines · 192 export partners

$26.5B
3

HS 71 · Precious metals and stones

51 active HS6 lines · 182 export partners

$19.3B
4

HS 85 · Electrical machinery

262 active HS6 lines · 194 export partners

$15.8B
5

HS 27 · Mineral fuels and oils

43 active HS6 lines · 182 export partners

$14.2B
6

HS 61 · HS chapter

106 active HS6 lines · 190 export partners

$10.8B
7

HS 39 · HS chapter

129 active HS6 lines · 193 export partners

$10.7B
8

HS 72 · HS chapter

167 active HS6 lines · 185 export partners

$10.0B

Leading export markets

Destinations rank bilateral export flows from Turkey; growth describes each corridor rather than the whole economy.

1

Germany

Annual change -5.3% · 3-year CAGR 3.2%

$22.1B
2

United States

Annual change +9.4% · 3-year CAGR 2.6%

$16.5B
3

United Kingdom

Annual change +20.1% · 3-year CAGR 5.4%

$16.2B
4

United Arab Emirates

Annual change +6.0% · 3-year CAGR 25.0%

$14.0B
5

Iraq

Annual change +1.9% · 3-year CAGR 5.3%

$13.0B
6

Italy

Annual change +5.0% · 3-year CAGR 3.8%

$12.5B
7

France

Annual change +3.3% · 3-year CAGR 6.1%

$10.7B
8

Spain

Annual change -1.1% · 3-year CAGR 0.3%

$9.5B

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.