- BIST10012,151-0.94%
- USD49.34+0.24%
- EUR55.21-0.01%
- GOLD4,192.30+0.04%
- INTEREST37.00%-1.00
- BITCOIN82,695+1.15%
- October 13, 202617°
- BIST10012,151-0.94%
- USD49.34+0.24%
- EUR55.21-0.01%
- GOLD4,192.30+0.04%
- INTEREST37.00%-1.00
- BITCOIN82,695+1.15%
- October 13, 202617°
Turkey's July exports rose 2.9% to $25.62 billion
Turkey's exports rose 2.9% year on year to $25.62 billion in July. Imports increased 5.1% to $32.97 billion, while the foreign trade deficit widened 13.6% to $7.34 billion.
Turkey's exports rose 2.9% in July from the same month last year, reaching $25.62 billion. According to provisional data, imports also increased 5.1% to $32.97 billion.
As imports grew faster than exports, the foreign trade deficit widened 13.6% year on year in July to $7.34 billion. The ratio of exports to imports fell from 79.4% to 77.7%.
Foreign trade excluding energy and gold
Excluding energy products and non-monetary gold, exports rose 3.1% to $23.79 billion. Imports excluding the same categories increased 3.6% to $26.19 billion, while the foreign trade deficit was calculated at $2.41 billion.
The ratio of exports to imports in this group stood at 90.8%. On a seasonally and calendar-adjusted basis, exports increased 2.6% from June, while imports declined 7.2%.
Manufacturing led exports
Manufactured goods accounted for 94.4% of total exports in July. Manufacturing was followed by agriculture, forestry and fishing at 3%, and mining and quarrying at 1.8%.
High-tech products accounted for 4.4% of manufacturing exports, up from 4.2% in the same month last year. The export value of these products increased 4.7% to approximately $1.06 billion.
Intermediate goods led imports
Intermediate goods accounted for 69.4% of imports. Consumer goods made up 16%, while capital goods accounted for 14.5%.
Germany was the top export destination
Germany was the country to which Turkey exported the most in July, with exports worth $2.04 billion. Germany was followed by the United States with $1.68 billion, the United Kingdom with $1.35 billion, Iraq with $1.11 billion and Italy with $1.11 billion.
China ranked first in imports with $5.04 billion. China was followed by Russia with $3.23 billion, Germany with $2.52 billion, the United States with $1.89 billion and Italy with $1.55 billion.
Foreign trade figures for the first seven months
Turkey's exports rose 3.4% year on year to $161.54 billion in the January-July period. Imports increased 4.7% to $222.09 billion during the same period.
The foreign trade deficit for the first seven months increased 8.3% to $60.55 billion. The ratio of exports to imports also fell from 73.6% to 72.7%.
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