Exports from Turkey slumped 14.3 percent from a year earlier to USD 11.08 billion in June 2019, as shipments of manufactured products, which accounted for 94 percent of total sales, tumbled 14.6 percent. Also, exports of mining and quarrying declined 8.1 percent, while those of agriculture, hunting and forestry fell 9.4 percent. Among major trading partners, exports decreased mainly to Germany (-17.8 percent), the UK (-22.4 percent), Italy (-24.6 percent), Iraq (-8.3 percent), the US (-22.3 percent), Spain (-21.6 percent), Romania (-10.7 percent) and Russia (-2.1 percent). By contrast, sales rose to France (10.7 percent) and the Netherlands (41.1 percent). Exports in Turkey averaged 3208.22 USD Million from 1957 until 2019, reaching an all time high of 15956.30 USD Million in May of 2019 and a record low of 7.10 USD Million in August of 1958.
Exports in Turkey is expected to be 15600.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Turkey to stand at 16200.00 in 12 months time. In the long-term, the Turkey Exports is projected to trend around 20200.00 USD Million in 2020, according to our econometric models.