International Merchandise Trade Statistics: Exports: Commodities for Turkiye
XTEXVA01TRQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.49
Year-over-Year Change
805.91%
Date Range
4/1/1957 - 1/1/2025
Summary
This trend measures the value of exported commodities from Turkiye. It provides insights into the country's international trade patterns and economic performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The International Merchandise Trade Statistics: Exports: Commodities for Turkiye tracks the total value of exported goods and services from Turkiye to other countries. This data is used by economists and policymakers to analyze Turkiye's trade balance, export competitiveness, and the composition of its export sector.
Methodology
The data is collected through customs declarations and surveys of exporting companies in Turkiye.
Historical Context
This trend is closely monitored by economists, trade analysts, and policymakers to assess Turkiye's economic conditions and international market positioning.
Key Facts
- Turkiye is a major exporter of agricultural products, textiles, and automotive parts.
- Exports account for around 25% of Turkiye's GDP.
- Turkiye's top export destinations include Germany, UK, and Italy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of exported commodities from Turkiye to other countries. It provides insights into Turkiye's international trade patterns and export composition.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding Turkiye's economic performance, trade balance, and export competitiveness. It is closely monitored by economists, trade analysts, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through customs declarations and surveys of exporting companies in Turkiye.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess Turkiye's trade position, identify export opportunities, and develop policies to support the country's international trade.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delays in reporting due to the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Exports: Commodities for Turkiye (XTEXVA01TRQ657S), retrieved from FRED.