Imports to Turkey tumbled 16.9 percent from a year earlier to USD 15.7 billion in February 2019. Purchases of intermediate goods accounted for 78.3 percent of total imports in February and dropped 20.7 percent from a year earlier. Additionally, imports fell for both capital (-23.1 percent) and consumption goods (-35.2 percent). Among major trading partners, imports declined mainly from Russia (-13.0 percent), China (-26.4 percent), Germany (-19.0 percent), the US (-3.4 percent), Italy (-31.6 percent), India (-17.4 percent), Iran (-18.0 percent), France (-49.5 percent) and the UAE (-12.3 percent), but increased to South Korea (44.8 percent). Imports in Turkey averaged 4841.67 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 17800.00 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 14600.00 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.