Forecast: Share of Travel Services in Commercial Service Exports in Turkiye

The share of travel services in commercial service exports in Turkiye has shown fluctuations. From 2013 to 2019, shares increased irregularly, peaking at 51.65% in 2019. A significant dip occurred in 2020 due to global disruptions, followed by a recovery trend. The values for 2023 onwards are consistent at 45.73, reflecting a stabilization in the share.

Year-on-year variation:

  • 2022-2021: +5.04%
  • 2023-2022: -0.17%

CAGR (2019-2023): -2.49%

Future Trends to Watch: Monitor global travel demand, geopolitical stability, and economic reforms which could impact Turkiye's tourism sector, influencing the share of travel services in commercial exports.

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