Forecast: Transport Services Exports in Turkiye

The analysis of transport services exports in Turkiye from 2013 to 2023 reveals several trends. Between 2013 to 2023, exports fluctuated significantly. Notable spikes in 2016 and 2020 indicate recovery periods, while 2019 saw a significant drop. A comparison between 2022 and 2023 revealed a modest year-on-year growth of 0.36%.

From 2019 to 2023, the compound annual growth rate (CAGR) was -0.29%. Projections from 2024 to 2028 show a forecasted 5-year CAGR of 0.42%, with a total growth rate of 2.11%, indicating a slow but steady growth trajectory in the future.

Future trends to watch:

  • Potential impacts of global economic conditions on export growth.
  • Technological advancements influencing transport services.
  • Government policies and international trade agreements affecting export dynamics.

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