Turkey known as the Republic of Turkey is a Eurasian country at the crossroads of Europe and Asia, the country is surrounded by the Black Sea, Mediterranean Sea, and Aegean Sea in three directions. It shares its borders with Greece, Bulgaria, Georgia, Armenia, Iran, Iraq, Syria, and Azerbaijan, and has a population of around 84 million people recording its name as the 20th most populous nation. The great historical evidence and amenities of the nation make it famous globally, moreover, the largest city Istanbul is based on the coastline of the Bosporus.

The Turkey Import Data shows that the country mostly depends on its global trade for the stability of its growing economy. The agricultural sector holds a 25% share of the employment rate, and the gross domestic product of the nation has increased at a rate of 5% accounting for 858 billion US dollars with a trade value of 252 billion US dollars in 2024.

Turkey Top 10 Import Products of 2024 (Q1 Trade Values)

The top 10 import products of 2024 as per the Turkey Import Data are below,

• Petroleum and Petroleum Products (HS code – 27) – Petroleum and petroleum products are significant requirements of the industries. These fuels are used for generating energy in massive amounts for turbines and other energy-generating equipment. The total import trade value of petroleum products in Q1 of 2024 is 12 billion US dollars.

• Machinery (HS code – 84) – Electrical machinery and mechanical appliances are requirements of the modern world. Mechanical appliances include computers and other accessories with an import trade value of 9 billion US dollars in Q1 of 2024.

• Vehicles (HS code – 87) – The increasing automotive industries of the nation demand a higher amount of motor vehicles for the transportation sector. The import trade rate of vehicles has seen a significant hike in the past few years and has recorded an import trade value of 6 billion US dollars in the Q1 of the year 2024.

• Iron and steel (HS code – 72) – The road construction sites, metal manufacturing industries, and several other sectors need iron and steel for several purposes. The import trade value of iron and steel in the Q1 of 2024 is 5 billion US dollars.

• Medicinal and pharmaceutical products (HS code – 29) – The Turkey Customs Data shows that the import rate of medicinal and pharmaceutical products has seen a rapid hike and accounts for an import trade value of 3 billion US dollars in Q1 of 2024.

• Textile articles (HS code – 59) – Clothing items and apparel are having increased demand in Turkey. The main reason behind the increased import of textiles is the growing textile industry; the import trade value of textile articles in 2024, Q1 is 2.5 billion US dollars.

• Organic chemicals (HS code – 29) – Organic chemicals have a role of significance in various industries ranging from agriculture, pharmaceuticals, and manufacturing industries. The import trade value of organic chemicals in 2024, Q1 is 2 billion US dollars.

• Plastics (HS code – 95) – There is no surprise that plastic is the top import of Turkey. The multipurpose material is used for packaging, molding, and making products like bags and bottles. The import trade value of plastics in the first quarter of 2024 is 1.7 billion US dollars.

• Fruits and nuts (HS code – 08) – Fruits and nuts are among the top ten imports because of their limited production capabilities. The import trade value of fruits and nuts in the first quarter of the year 2024 is 1 billion US dollars.

• Medical equipment (HS code – 90) – The increased healthcare sector in Turkey demands a high amount of medical equipment to ensure stability in healthcare. The import trade value of medical equipment in the Q1 of 2024 is recorded as 870 million.

Top 10 Import Trade Partners of Turkey in 2024

The Turkey Import Export Data have enlisted the below-mentioned countries as the top 10 import trade partners accounting for a share in the economic growth with its estimated projections of 2024 are below,

• China – This Asian nation tops the list of import destinations of Turkey. The export trade value of China accounts for estimation of 9 billion US dollars in the revenue of the import trade value 2024. Turkey imports products like machinery and textiles from China for its domestic requirements.

• Germany – Germany is another significant trade partner of Turkey, it exports products like automotive parts, vehicles, and machinery with an estimated import trade value of 5 billion US dollars in 2024.

• Russia – Russia holds the third position on the top importer's list, despite the unstable political relationship with the country. The total estimated import trade value of petroleum fuels imported by Turkey is 2.7 billion US dollars in 2024.

• United States – The United States of America with an estimated import trade value of 2.5 billion US dollars in 2024 records its name in the top 4th position of Turkey Import partners. Electronic equipment and aircraft parts are the top traded products between these two countries.

• Italy – Food products, beverages, and luxurious goods are imported from Italy by Turkey, the estimated import trade value of Italian imports is worth 1.8 billion US dollars in 2024.

• France – France imports hold a minimum share in the estimated import trade revenue of 2024 with a value of 1.6 billion US dollars. Pharmaceutical products, machinery, and cosmetics are traded at a higher rate between these two nations.

• South Korea – The advanced technology and more tech-specified products of South Korea promote its rank in the import list of Turkey. The import trade value of South Korean imports for the year 2024 is estimated as 1.5 billion US dollars.

• Switzerland – Switzerland mostly exports industrial goods and precious goods to Turkey worth an expected value of 1.2 billion US dollars.

• United Kingdom – The import trade value of the products imported from the United Kingdom accounts for an overall estimated revenue of 1.1 billion US dollars.

• India – Rounding up, the diverse nation India holds the 10th position of the top ten importers list of Turkey with an estimated import trade value of 900 million US dollars.

Top 10 Import Partners Share in Revenue

• China – 20%
• Germany - 18%
• Russia- 14%
• United States – 12%
• Italy – 10%
• France – 8%
• South Korea – 6%
• Switzerland – 5%
• United Kingdom – 4%
• India – 4%

FAQ’s

Que. Who is the top import partner of Turkey?
Ans. China is the top import partner of Turkey.

Que. What is the GDP growth rate of Turkey in 2024?
Ans. The GDP growth rate of Turkey in 2024 is 5%.

Que. What is the import trade value of Turkey in 2024?
Ans. The import trade value of Turkey in 2024 is 252 billion US dollars.

Que. Where do get the information about different country trade data?
Ans. You can get information on different country trade data at Import Globals.

www.importglobals.com ; info@importglobals.com