International Merchandise Trade Statistics: Imports: Commodities for Turkiye
XTIMVA01TRM659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.24
Year-over-Year Change
-169.97%
Date Range
1/1/1958 - 5/1/2025
Summary
The International Merchandise Trade Statistics: Imports: Commodities for Turkiye trend measures the value of imported goods and commodities into Turkiye. This economic indicator is closely watched by analysts and policymakers to gauge Turkiye's trade balance and the strength of its domestic and international commerce.
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
This data series tracks the total value of goods and commodities imported into Turkiye, providing insight into the country's international trade dynamics. It is a key statistic used by economists, investors, and government officials to monitor Turkiye's economic performance and trade relationships.
Methodology
The data is collected by the Turkish Statistical Institute (TurkStat) based on customs declarations and other administrative sources.
Historical Context
This trend is widely referenced in policy discussions and economic analysis related to Turkiye's trade balance, industrial production, and global competitiveness.
Key Facts
- Turkiye is one of the world's top 20 largest importers.
- Imports account for around 25% of Turkiye's GDP.
- Machinery, mineral fuels, and motor vehicles are major import categories.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of imported goods and commodities into Turkiye, providing insight into the country's international trade dynamics.
Q: Why is this trend relevant for users or analysts?
A: This data is closely watched by economists, investors, and policymakers to gauge Turkiye's trade balance, economic performance, and global competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the Turkish Statistical Institute (TurkStat) based on customs declarations and other administrative sources.
Q: How is this trend used in economic policy?
A: This trend is widely referenced in policy discussions and economic analysis related to Turkiye's trade balance, industrial production, and global competitiveness.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, providing timely insights into Turkiye's import activity.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Turkiye (XTIMVA01TRM659S), retrieved from FRED.