Imports to Turkey plunged 22.7 percent from a year earlier to USD 14.26 billion in June 2019. Purchases of intermediate goods, which accounted for 77.3 percent of total imports, dropped 19.3 percent; and those of capital and consumption goods slumped 23.8 percent and 38.4 percent, respectively. Among major trading partners, imports declined from Russia (-14.3 percent), China (-30.6 percent), Germany (-33.5 percent), the US (-20.0 percent), Italy (-24.5 percent), France (-41.6 percent), India (-23.0 percent), South Korea (-30.1 percent), and the UK (-25.2 percent). In contrast, imports from the UAE increased 53.3 percent.. Imports in Turkey averaged 4919.92 USD Million from 1957 until 2019, reaching an all time high of 23245.30 USD Million in May of 2013 and a record low of 15 USD Million in August of 1958.
Imports in Turkey is expected to be 14500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Turkey to stand at 16900.00 in 12 months time. In the long-term, the Turkey Imports is projected to trend around 20100.00 USD Million in 2020, according to our econometric models.