Imports to Turkey plunged 15.1 percent from a year earlier to USD 17.5 billion in April 2019. Purchases of intermediate goods, which accounted for 80.2 percent of total imports, declined 9.8 percent; and those of capital and consumption goods slumped 25.9 percent and 37.8 percent, respectively. Among major trading partners, imports declined primarily from Russia (-1.6 percent), China (-18.1 percent), Germany (-26.5 percent), the US (-14.7 percent), Italy (-23.6 percent), France (-20.3 percent), India (-18.8 percent), Iran (-37.8 percent), the UK (-14.6 percent), South Korea (-27.8 percent). In contrast, they increased from the UAE (12.8 percent). Imports in Turkey averaged 4890.18 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 16500.00 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 17100.00 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.