Turkiye’s service exports will be $47.6 billion in 2022, and its imports will be $35.2 billion. Germany ranked first in exports and Ireland ranked first in imports.
Turkish Statistical Institute announced the international service trade statistics for 2022.
Accordingly, while service exports excluding travel were $34.7 billion in 2021, it increased by 37% to $47.6 billion in 2022. While service imports were $28.1 billion in 2021, it increased by 25.6% to $35.2 billion in 2022.
According to the expanded balance of payments services classification, the share of transportation in total exports increased from 69.1% in 2021 to 74.3% in 2022. The share of “other business services”, which ranked second, decreased from 10.2% in 2021 to 8.4% in 2022.
The “telecommunications, computer and information services” sector ranked third in service exports in 2022 with a share of 6.2%.
While exports in transportation services, which constitute a significant part of service exports, were $24 billion 6 million in 2021, they increased by 47.2% to $35 billion 348 million in 2022. Exports of telecommunications, computer and information services increased by 14.2% in 2022 compared to the previous year, reaching $2 billion 958 million.
The share of transportation in total imports was 38.8% in 2021 and 46.3% in 2022. The share of “other business services”, which ranked second, decreased from 21.4% in 2021 to 19.4% in 2022. The “telecommunications, computer and information services” sector, whose share in service imports was 10%, ranked third in 2022.
Service exports to European Union (EU) countries in 2022 were $18 billion 814 million, and exports to other European countries were $6 billion 682 million. In imports, it was seen that imports from EU countries in 2022 were $15 billion 171 million, and imports from other European countries were $3 billion 807 million.
EU countries became the leading country group in Turkiye’s service exports and imports in 2022. While EU countries were the country group with the largest share in total service exports with 39.5%, 43.1% of total service imports were made with EU countries.
In service exports, 28.4% of total exports in 2022 were with Germany, the USA and the United Kingdom. In service exports, Germany ranked first with a share of 12.3% and an export of $5 billion 847 million, while the USA ranked second with a share of 10.3% and the United Kingdom ranked third with a share of 5.8%.
In imports, Ireland ranks first with a share of 8.7% and an import of $3 billion 78 million in 2022, while Germany ranks second with a share of $2 billion 787 million and 7.9%. The USA ranked third with a share of 7.9% and $2 billion 772 million.
Source: Trthaber / Prepared by Irem Yildiz