Forecast: Share of Travel Services Imports in Services Imports in Turkiye

The share of travel services imports in Turkiye's total services imports has seen considerable fluctuations from 2013 to 2023. It peaked at 21.05% in 2015 but dropped significantly to 4.35% in 2020 due to the COVID-19 pandemic. The share slightly recovered to 5.58% in 2021 and surged to 10.03% in 2022, before dipping again to 9.21% in 2023. The year-on-year variation for 2023 shows an 8.17% decrease, and the 5-year CAGR reveals an average annual decline of 10.62%.

Future trends to watch for:

  • Stabilized values predicted from 2024 to 2028, maintaining the 9.21% share.
  • Potential recovery in travel demand post-pandemic, possibly affecting the share of travel services imports in services imports.
  • Geopolitical and economic factors influencing Turkiye's travel services market, particularly in relation to tourism and international travel policies.

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