International Merchandise Trade Statistics: Imports: Commodities for Turkiye
XTIMVA01TRM667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,944,020,000.00
Year-over-Year Change
9.35%
Date Range
1/1/1957 - 6/1/2025
Summary
The International Merchandise Trade Statistics: Imports: Commodities for Turkiye tracks the total value of imported goods and commodities into Turkiye. This metric is a key indicator of Turkiye's international trade activity and economic health.
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 series measures the total monetary value of all imported goods and commodities into Turkiye, the second-largest economy in the Middle East. It provides insights into Turkiye's international trade flows, consumer demand, and industrial production.
Methodology
The data is collected and reported by the Turkish Statistical Institute based on customs records.
Historical Context
Economists and policymakers analyze this metric to assess Turkiye's trade balance, economic growth, and integration with the global economy.
Key Facts
- Turkiye is the 17th largest economy in the world.
- Imports account for over 30% of Turkiye's GDP.
- China is Turkiye's largest import source, followed by Germany and Russia.
FAQs
Q: What does this economic trend measure?
A: The International Merchandise Trade Statistics: Imports: Commodities for Turkiye tracks the total monetary value of all imported goods and commodities into Turkiye.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Turkiye's international trade flows, consumer demand, and industrial production, which are key indicators of the country's economic health and global integration.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Turkish Statistical Institute based on customs records.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this metric to assess Turkiye's trade balance, economic growth, and integration with the global economy.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a typical update delay of 2-3 months.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Turkiye (XTIMVA01TRM667S), retrieved from FRED.