• July 25, 2024
Türkiye and Switzerland trade summary
Turkiye’s imports from Switzerland were valued at $3.05 billion in 2021, according to trade statistics. On the other side, Switzerland imported $1.25 billion worth of goods from Turkey during that time. Imports of Turkish goods from Switzerland rose in 2022 compared to 2021. The trade between the two nations, which are separated by only around 2000 kilometres, has increased significantly.
Türkiye’s Historical Imports From Switzerland
According to the trade data that is underrepresented, imports from Switzerland to Turkey have decreased during the last five years. Following 2017, import values decreased the following year, increased from the next and kept rising until 2020, when they stood at a decreased value of $3 billion.
Türkiye’s Top Imports From Switzerland
The top five imports from Switzerland to Turkey in 2021 were gold ($1.1 billion), silver ($242.1 million), immunological products ($150.1 million), mixed or unmixed medicines ($112.4 million), wrist watches ($87.2 million), and other items.
Türkiye’s Top Imports From Switzerland (2021)
CommodityValue USD Million
Gold (Plated, Unwrought)1,158.61
Silver (Plated, Unwrought)242.14
Immunological Products150.14
Mixed or Unmixed Medicines112.47
Wrist-Watches of Precious Metal87.29
Mixtures of Odoriferous Substances71.3
Antisera & Other Blood Fractions65.45
Water (Mineral, Added Substances)29.26
Wrist-Watches (Electrically Operated)27.72
Coffee Extracts, Essences & Concentrates22.69
Türkiye’s Quarterly Imports From Switzerland
The representation of Turkey’s import statistics below shows the imports from Switzerland in quarterly numbers. $1.2 billion was recorded in the first quarter of 2021, however there was a steady decline throughout the year. The values started to rise in 2022 and reached $2 billion in Q2 of that year.
Türkiye’s Imports From Switzerland – Quarterly
QuarterValue USD Billion
Q1-20211.21
Q2-20210.657
Q3-20210.66
Q4-20210.525
Q1-20220.861
Q2-20222.09
Türkiye’s Imports From Switzerland – Comparison
The table below shows the increase in Turkish imports from Switzerland. The import value dropped by $556.3 million in the second quarter to $657.98 million from the first quarter’s value of $1.2 billion in 2021.
Türkiye’s Imports From Switzerland – Comparison
Q1-2021$1.21B
Q2-2021$657.98M
Total Value –$1.87B
Q1-2022$861.74M
Q2-2022$2.09B
Total Value –$2.95B
Total Increase In 2022 Compared To 2021 [Q1+Q2]
By Value –$1.08B
By Percentile –57.70%
Total Growth In Quarterly Values In 2022 From 2021
In Q1-2022 – $352.59M (29.04% Decrease)
In Q2-2022 – $1.43B (217.77% Increase)
The first quarter of 2022 saw imports at $861.74 million, and the second quarter saw an increase of $1.22 billion, reaching an impressive import value of $2 billion. The infographic above demonstrates that the values in 2022 have increased.
Adding the imports from the first and second quarters together, the total value of imports in 2021 came to $1.87 billion. Combining the imports during the first and second quarters of 2022, the total import value was $2.95 billion.
When compared to the preceding quarter of 2021, the values for each quarter of 2022 exhibit considerable variations. While there was a decline in imports of $352.5 million in the first quarter of 2022, there was a sharp increase of $1.4 billion in the second quarter.
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