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  3. Turkey’s exports decrease by 41.4% in April 2020
Turkey’s exports decrease by 41.4% in April 2020

Turkey’s exports decrease by 41.4% in April 2020

According to the general trade system exports and imports decreased by 41.4% and 25.0% respectively, in April 2020, Turkish Statistical Institute said in a statement on Friday.

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According to the statement, in April 2020; exports were 8 billion 990 million dollars with a 41.4% decrease and imports were 13 billion 553 million dollars with a 25.0% decrease compared with April 2019.

Exports decreased by 13.7% imports increased 10.3%, respectively in January-April 2020

In January-April 2020 period, exports were 51 billion 662 million dollars with 13.7% decrease and imports were 69 billion 205 million dollars with 1.0% increase compared with January-April 2019.

The foreign trade deficit increased by 67.0% in April 2020

In April 2020 foreign trade deficit was 4 billion 564 million dollars with a 67.0% increase compared with April 2019. In April 2020, exports coverage imports was 66.3% while it was 84.9% in April 2019.

The foreign trade deficit increased by 102.3% in January-April 2020

In January-April 2020 period, foreign trade deficit was 17 billion 543 million dollars with a 102.3% increase compared with January-April 2019. In the same period, exports coverage imports was 74.7% while it was 87.4% in January-April 2019.

The ratio of manufacturing industries products in total exports was 92.7% in April 2020

In April 2020, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 92.7%, 4.2%, 2.7%, respectively.

In January-April 2020 period, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.3%, 3.6%, 1.7%, respectively.

The ratio of intermediate goods in total imports was 73.8% in April 2020

In April 2020, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 73.8%, 15.6%, 10.3%, respectively.

In January-April 2020 period, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 76.0%, 13.2%, 10.4%, respectively.

The main partner for exports was Germany in April 2020

In April 2020, the main partner country for exports was Germany with 862 million dollars. The country was followed by USA with 605 million dollars, Iraq with 564 million dollars, Italy with 400 million dollars and the United Kingdom with 361 million dollars. The ratio of the first five countries in total exports was 31.1% in April 2020.

In January-April 2020 period, the main partner country for exports was Germany with 4 billion 896 million dollars. The country was followed by USA with 2 billion 948 million dollars, the United Kingdom with 2 billion 886 million dollars, Iraq with 2 billion 773 million dollars, Italy with 2 billion 581 million dollars. The ratio of the first five countries in total exports was 31.1% in January-April 2020.

 The main partner for imports was China in April 2020

In April 2020, the top country for Turkey's imports was China with 1 billion 559 million dollars. The country was followed by Germany with 1 billion 435 million dollars, Russia with 1 billion 202 million dollars, USA with 746 million dollars and South Korea with 588 million dollars. The ratio of first five countries in total imports was 40.8% in April 2020.

In January-April 2020 period, the top country for Turkey's imports was China with 6 billion 577 million dollars. The country was followed by Russia with 6 billion 376 million dollars, Germany with 6 billion 356 million dollars, USA with 4 billion 519 million dollars and Italy with 2 billion 697 million dollars. The ratio of first five countries in total imports was 38.3% in January-April 2020.

Seasonally and calendar adjusted exports decreased by 31.9%

In April 2020, seasonally and calendar adjusted exports and imports decreased by 31.9% and 27.9 %, respectively, compared with previous month. In April 2020, calendar adjusted exports and imports decreased by 41.4% and 25.1% compared with April 2019.

Ratio of exports of high-tech products in manufacturing industries was 4.6%

Foreign trade by technology intensity covers the manufacturing industries' products in classification of ISIC Rev.4. According to the ISIC Rev.4, the ratio of manufacturing industries products in total exports was 92.7% in April 2020. The ratio of high-technology products in manufacturing industries exports was 4.6%. In January-April 2020 period, the ratio of high-technology products in manufacturing industries exports was 3.5%.

The ratio of manufacturing industries' products in total imports was 80.7%. The ratio of high-technology products in manufacturing industries' imports was 15.4% in April 2020. The ratio of manufacturing industries' products in total imports was 78.5% in January-April 2020. The ratio of high-technology products in manufacturing industries' imports was 14.0% in January-April 2020.  

According to the special trade system, exports were 8 billion 439 million dollars in April

According to the special trade system, in April 2020, exports were 8 billion 439 million dollars with a 41.6% decrease and imports were 12 billion 441 million dollars with a 28.8% decrease compared with April 2019.

In April 2020 foreign trade deficit was 4 billion 2 million dollars with a 33.4% increase compared with April 2019. Exports coverage imports was 67.8% while it was 82.8% in April 2019.

Exports were 48 billion 783 million dollars in January-April 2020

According to the special trade system, exports were 48 billion 783 million dollars with a 13.9% decrease and imports were      65 billion 923 million dollars with a 0.9% decrease compared with January-April 2019.

In January-April 2020 period, foreign trade deficit was 17 billion 139 million dollars with a 74.6% increase compared with January-April 2019. Exports coverage imports was 74.0% while it was 85.2% in January-April 2019.

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