Turkey’s Exports Increase to US$23.3 Billion in April 2022

09 July 2022
Turkey Export Data

Turkey’s exports increased in April 2022 and reached US$23.3 billion. In March 2022, that dollar amount was US$22,708 million. According to our database, Turkey reported a surge in the value of export shipments in the initial months of 2022. Yearly, Turkey saw a massive increase in total exports that stood at US$225,264 million in 2021, up from US$169,657 million recorded in 2020. Here’s a complete picture of Turkey’s export market with detailed data.


Turkey’s Exports in 2022


From January to April 2022, Turkey recorded an increase in the value of export shipments. According to our updated database, Turkey exported US$23,367 worth of goods to the world in April 2022, which increased from US$22,708 million reported in March. Here’s a graphical presentation of Turkey’s exports from Jan to Apr 2022 with essential data.



Month

Value US$ Million

Jan

17,565

Feb

19,926

Mar

22,708

Apr

23,367

 


Turkey’s Exports by Quarter


Quarter-wise, exports from Turkey rose in all quarters of 2021 and slightly declined in Q1 of 2022. More or less, Turkey has been experiencing tremendous export growth. According to our online platform, Turkey shipped US$60,201 million worth of commodities in the first quarter of 2022, which rose from US$49,911 reported in the same quarter of 2021. Below given chart shows the dollar amount of Turkey’s exports reported from Q1 of 2021 to Q1 of 2022.



Quarter

Value US$ Million

2021-Q1

49,911

2021-Q2

54,967

2021-Q3

55,943

2021-Q4

64,468

2022-Q1

60,201

 


Yearly Trends of Turkish Exports


Turkey’s exports crossed the US$200 billion mark in 2021 and stood at US$225 billion, according to our database. In fact, Turkey reported such a significant export growth in the last ten years. In 2012, Turkey exported US$152 billion worth of goods. Let’s have a look at the yearly trends of Turkish exports graphically.



Year

Value US$ Million

2012

152,461

2013

161,480

2014

166,504

2015

143,844

2016

142,606

2017

156,992

2018

167,923

2019

180,870

2020

169,657

2021

225,264

2022 (Till April Data)

83,566

 


Turkey’s Major Export Commodities 2021


According to our online platform, Turkey exported articles of jewelry & parts the most in 2021, followed by motor vehicles, gold, bars & rods or iron or non-alloy steel, carpets, knitted or crocheted t-shirts, medium oils & preparations, and fresh or dried hazelnuts. Here’s a graphical presentation of these commodities with their export valued reported in 2021.



Commodity

Value US$ Million

Articles of Jewelry & Parts

6,460

Motor Vehicles for Transport of Goods

4,512

Motor Cars for Transport of Persons

3,560

Gold

3,470

Bars & Rods of Iron or Non-Alloy Steel

2,998

Carpets & Other Floor Coverings

2,584

Flat-rolled Products of Iron or Non-Alloy Steel

2,253

Knitted or Crocheted T-shirts, Singlets & Other Vests of Cotton

1,855

Medium Oils & Preparations

1,703

Fresh or Dried Hazelnuts

1,292

 


Turkey’s Top Export Destinations 2021


Turkey’s largest export destination of commodities in 2021 was Germany, followed by the United States, the United Kingdom, Italy, Iraq, Spain, France, the Netherlands, Israel, and Russia. As compared to the previous year’s data, Turkey’s exports to all these countries have increased in 2021. Below given chart shows data visualization of Turkey’s top 10 export partners reported last year.



Country

Value US$ Million

Value US$ %

Germany

19,317

8.6

United States

14,719

6.5

United Kingdom

13,705

6.1

Italy

11,474

5.1

Iraq

11,131

4.9

Spain

9,627

4.3

France

9,132

4.1

Netherlands

6,768

3

Israel

6,356

2.8

Russia

5,775

2.6

 


The prices of various commodities such as energy goods have increased in the past few months due to ongoing Russia’s invasion of Ukraine. Turkey is closely following developments related to the global supply chain problems so that its business is not affected. It is expected that Turkey will further see a surge in exports in the later months of 2022 as well.

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