Turkey's energy imports began to decline in September.

According to the provisional foreign trade statistics announced by the Turkish Statistical Institute and the Ministry of Trade, Turkey's total imports in September 2023 increased by 8.7 percent compared to the same period last year, reaching 29 billion 478 million 616 thousand dollars. This figure represents an important reflection of our foreign trade balance shaped by global economic dynamics.

When viewed on an annual basis, it is noteworthy that the energy import bill in September was recorded at 4 billion 539 million 258 thousand dollars. This amount encompasses various items classified under energy imports, including mineral fuels, mineral oils, products obtained from the distillation of these substances, bituminous substances, and mineral waxes.

Compared to the previous year, Turkey's energy import bill showed a 3.6 percent decrease in September. This situation may indicate a reduction in Turkey's dependence on energy sources and an increase in investments in renewable energy sources. This decrease in energy imports is another positive reflection of the efficiency achieved in the national economy.

Turkey continues its efforts to reduce reliance on external energy sources. Among these efforts, promoting investments in domestic and renewable energy projects, developing energy efficiency projects, and integrating new technologies are at the forefront. In the long term, these strategies aim to enhance Turkey's energy security.

Fluctuations in global energy prices and geopolitical risks continue to affect Turkey's energy imports. In the upcoming period, especially the developments in international markets will be observed in terms of their effects on Turkey's energy imports. In this context, the policies implemented by the government and Turkey's energy strategy should be evaluated alongside foreign trade data.

In conclusion, the 3.6 percent decrease in energy imports in September represents a reflection of Turkey's energy policies and market conditions. This situation provides important data for investors and economic analyses and continues to shape Turkey’s potential economic growth.