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Home > Economy News > Turkey continues its passion for coffee! We consumed $1 billion worth of coffee in the last two years

Turkey continues its passion for coffee! We consumed $1 billion worth of coffee in the last two years

Turkey's coffee imports rose by 14.5 percent in 2023 compared to the previous year, reaching $607.3 million.

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Published: 31.01.2024 17:01 Updated: 31.01.2024 17:01
Turkey continues its passion for coffee! We consumed $1 billion worth of coffee in the last two years

Turkey imported approximately $1 billion worth of coffee in 2022 and 2023. Turkey's coffee imports increased by 14.5 percent in 2023 compared to the previous year, rising to $607.3 million. Combined with the $530.2 million in imports in 2022, Turkey's total coffee import bill over the last two years reached $1 billion 137.5 million (34.5 billion TL at current exchange rates).

Turkey's coffee exports, on the other hand, totaled $177.2 million, with $82.5 million in 2022 and $94.7 million in 2023. Thus, Turkey's net coffee imports over the last two years were recorded at $960.3 million.

In 2023, Turkey's total foreign trade deficit decreased by 3.2 percent compared to the previous year, falling from $109 billion 541 million to $105 billion 997 million.



News Source: 12punto

Tags

foreign trade deficit coffee export imports Turkey