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Turkey Trade (% GDP)

Turkey's trade (% GDP) fell to 55.82% in 2024, down from 66.28% in 2023, according to World Bank. This represents a decrease of 10.46% from the previous year. Turkey has trade (% GDP) lower than the global median (55.82% vs median 84.49%). Compared with the median in Europe, Turkey is lower (55.82% vs regional median 111.00%) and ranks 43rd out of 44 countries in Europe.

Yearly Historical Data (1960-2024)

(in %)
Year Trade (% GDP)
2024 55.82%
2023 66.28%
2022 81.17%
2021 71.08%
2020 61.34%
2019 63.19%
2018 62.61%
2017 55.76%
2016 48.33%
2015 51.09%
2014 53.77%
2013 52.53%
2012 52.83%
2011 53.3%
2010 46.69%
2009 46.79%
2008 50.55%
2007 47.85%
2006 48.76%
2005 46.14%
2004 48.83%
2003 46.23%
2002 47.98%
2001 49.87%
2000 42.35%
1999 37.66%
1998 40.4%
1997 54.97%
1996 49.37%
1995 44.24%
1994 41.75%
1993 33.02%
1992 31.74%
1991 30.48%
1990 30.94%
1989 33.98%
1988 36.21%
1987 33.34%
1986 29.41%
1985 34.83%
1984 35.28%
1983 29.03%
1982 26.88%
1981 21.14%
1980 17.09%
1979 9.1%
1978 11.44%
1977 14.52%
1976 15.52%
1975 15.65%
1974 17%
1973 16.13%
1972 14.56%
1971 13.57%
1970 10.79%
1969 8.33%
1968 8.76%
1967 9.09%
1966 9.77%
1965 9.94%
1964 9.94%
1963 11.16%
1962 13.57%
1961 11.96%
1960 5.73%
Turkey Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Turkey divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $261.79B $255.63B 2024
Annual Imports $344.01B $361.97B 2024
Balance of Trade -$6.9B -$4.2B Sep'25
Exports $22.6B $21.8B Sep'25
Exports (% GDP) 28.05% 31.92% 2024
FDI Inflows (% GDP) 0.85% 0.95% 2024
Imports $29.5B $25.9B Sep'25
Imports (% GDP) 27.78% 34.36% 2024
Net Trade (Goods & Services, BoP) $5.73B -$29.01B 2024
Tariff Rate 7.48% 4.44% 2022