Foreign trade as a share of GDP reached 54.1 % in 2017 in Turkey, according to the National Statistical Office. This is 15.6 % more than in the previous year.
Historically, foreign trade as a share of GDP in Turkey reached an all time high of 55.0 % in 1997 and an all time low of 5.73 % in 1960. When compared to Turkey's main peers, foreign trade as a share of GDP in Bulgaria amounted to 131 %, 67.0 % in Greece, 76.0 % in Iraq and 48.8 % in Iran in 2017.
Turkey has been ranked 124th within the group of 165 countries we follow in terms of foreign trade as a share of GDP, 26 places above the position seen 10 years ago.
Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.