Exports Increased by 2.2% and Imports by 11.1% in December

In December, exports increased by 2.2% to reach 23 billion 463 million dollars, while imports rose by 11.1% to 32 billion 287 million dollars. In 2024, exports are projected to grow by 2.5% to 261 billion 925 million dollars, while imports are expected to decrease by 4.9% to 344 billion 85 million dollars.

According to a statement made by the Ministry of Trade:

“In December 2024, compared to the same month last year; Exports increased by 2.2% to 23 billion 463 million dollars, Imports increased by 11.1% to 32 billion 287 million dollars, The foreign trade volume increased by 7.2% to 55 billion 750 million dollars.

In the January-December 2024 period, compared to the same period last year; Exports increased by 2.5% to 261 billion 925 million dollars, Imports decreased by 4.9% to 344 billion 85 million dollars, The foreign trade volume decreased by 1.9% to 606 billion 10 million dollars.

In December 2024, compared to the same month last year; The ratio of exports to imports decreased by 6.3 points to 72.7%. Excluding energy data, the ratio of exports to imports decreased by 8.6 points to 87.0%. Excluding energy and gold data, the ratio of exports to imports decreased by 7.8 points to 92.9%.

The countries where we exported the most in December were Germany (1 billion 645 million dollars), the USA (1 billion 496 million dollars), and the UK (1 billion 358 million dollars). The total share of the top 10 countries with the highest export share in December was 46.5%.

The countries where we imported the most in December were Russia (4 billion 436 million dollars), China (3 billion 884 million dollars), and Germany (2 billion 600 million dollars). The total share of the top 10 countries with the highest import share in December was 58.6%.