As per the Turkey Import Data, Turkey imported $11.5B in Gold, becoming the 7th largest importer of Gold in the world. The gold imports valued USD 6,877 million from January to May 2020. And value of gold shipments entered into the country recorded 11,230 million in 2019.

As per the Custom data, the country saw fluctuation in gold imports during February, March and May months. However, due to Covid pandemic lockdown, the country recorded a drastic value of gold shipments to USD 657 million in April month.

As per Turkey Import Data, the country imported gold worth USD 1,755 million in January 2020, which declined slightly in February and rose in March 2020. In April 2020, the gold imports of Turkey declined drastically to mere USD 657 million due to Covid-19 pandemic lockdown and international restrictions on global trade.

The country recorded a fluctuating value of gold imports in the last 10 years. As per Turkey shipment data, the country imported 64 tons of gold from the foreign countries in 2010 and 290 tons in the last year. The highest quantity of gold was imported by the country in the year 2017, when the country purchased gold worth USD 421 million.

The country imports gold from the United Arab Emirates, which shared 31.5% value of the total gold imports recorded in 2019. Other top suppliers of gold to Turkey are Iraq, Switzerland, Germany and United Kingdom.

Worldwide purchases of imported gold totalled an estimated USD 306.2 billion in 2019. The overall value of gold increased by an average 21.7% for all importing countries since 2015 when the value of gold imported recorded at USD 251.7 billion.

In the year 2019, Turkey exported $2.25B in Gold. The main destinations of Turkey Export Data on Gold were United Kingdom, United Arab Emirates, Switzerland, Nepal and Mauritania. Turkey aims to reach a level where it produces 100 metric tons of gold per year in the next five years. The country has produced 42 tons of gold in 2020, the highest level ever.