Merchandise Imports in Turkey
Merchandise imports in Turkey were worth USD 314 billion in 2024, compared to USD 240 billion ten years earlier, and they averaged USD 249 billion over the last decade. For more information on imports, visit our dedicated page.
Turkey Merchandise Imports Chart
Note: This chart displays Imports (USD billion) for Turkey from 2014 to 2024.
Source: Macrobond.
Turkey Merchandise Imports Data
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Merchandise Imports (USD bn) | 206 | 254 | 343 | 337 | 314 |
Merchandise Imports (ann. var. %) | 3.7 | 23.1 | 35.0 | -1.7 | -7.0 |
Current account records narrower deficit in May
Latest reading: The current account recorded a USD 0.7 billion deficit in May, improving from the USD 7.9 billion deficit booked in April (May 2024: USD 0.6 billion deficit). Meanwhile, in the 12 months leading up to May, the current account posted a USD 16.0 billion deficit, widening slightly from to the USD 15.9 billion deficit clocked in April. The merchandise trade balance improved from the previous month, recording a USD 4.8 billion deficit in May (April 2025: USD 9.9 billion deficit). Merchandise exports rose 3.6% annually in May (April: +10.8% year-on-year). Meanwhile, merchandise imports expanded 5.3% on an annual basis in May (April: +16.0% yoy).
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Turkish merchandise imports projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable merchandise imports forecast available for Turkish merchandise imports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Turkish merchandise imports projections.
Want to get access to the full dataset of Turkish merchandise imports forecasts? Send an email to info@focus-economics.com.
Latest Global Current Account News
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Turkey: Current account records narrower deficit in May Latest reading: The current account recorded a USD 0.7 billion deficit in May, improving from the USD 7.9 billion deficit... -
Brazil: Current account deficit widens in May Latest reading: The current account posted a USD 2.9 billion deficit in May, deteriorating from the USD 1.9 billion deficit... -
Turkey: Current account posts larger deficit in April Latest reading: The current account recorded a USD 7.9 billion deficit in April, deteriorating from the USD 4.3 billion deficit... -
Finland: Current account deficit narrows in April Latest reading: The current account recorded a EUR 0.2 billion deficit in April, improving from the EUR 2.2 billion deficit... -
Spain: Current account surplus moderates in March Latest reading: The current account recorded a EUR 1.4 billion surplus in March, deteriorating from the EUR 2.3 billion surplus... -
Brazil: Current account deficit narrows in April Latest reading: The current account posted a USD 1.3 billion deficit in April, improving from the USD 2.6 billion deficit... -
Finland: Current account swings to deficit in March Latest reading: The current account recorded a EUR 3.3 billion deficit in March, deteriorating from the EUR 0.5 billion surplus...