Turkey’s exports increases by 5.6% in October

Turkey’s exports increases by 5.6% in October

According to the general trade system exports and imports increased by 5.6%, 8.4% respectively in October 2020, Turkish Statistical Institute said in a statement on Monday.

According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in October 2020; exports were 17 billion 329 million dollars with a 5.6% increase and imports were 19 billion 703 million dollars with an 8.4% increase compared with October 2019, the statement said.

Exports decreased by 9.1% and imports increased by 2.2% in January-October 2020

In January-October 2020 period, exports were 135 billion 617 million dollars with 9.1% decrease and imports were 175 billion 888 million dollars with 2.2% increase compared with January-October 2019.

Energy products and non-monetary gold excluded exports and imports increased by 6.3%, 16.2% respectively in October 2020

Exports, excluding energy products and non-monetary gold, were 16 billion 428 million dollars with a 6.3% increase in October 2020. Imports, excluding energy products and non-monetary gold, were 15 billion 599 million dollars with a 16.2% increase in October 2020.

Foreign trade surplus, excluding energy products and non-monetary gold, was 829 million dollars in October 2020.

Foreign trade volume was 32 billion 27 million dollars with a 10.9% increase. Energy products and non-monetary gold excluded export coverage imports was 105.3%.

The foreign trade deficit increased by 34.4% in October 2020

In October 2020 foreign trade deficit was 2 billion 374 million dollars with a 34.4% increase compared with October 2019. In October 2020, exports coverage imports was 88.0%, while it was 90.3% in October 2019.

The foreign trade deficit increased by 76.2% in January-October 2020

In January-October 2020 period, foreign trade deficit was 40 billion 272 million dollars with a 76.2% increase compared with January-October 2019. In the same period, exports coverage imports was 77.1% while it was 86.7% in January-October 2019.

The ratio of manufacturing industries products in total exports was 94.8% in October 2020

In October 2020, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.8%, 3.3%, 1.5%, respectively.

 In January-October 2020 period, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.5%, 3.3%, 1.7%, respectively.

The ratio of intermediate goods in total imports was 69.6% in October 2020

In October 2020, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 69.6%, 18.2%, 12.1%, respectively.

In January-October 2020 period, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 74.7%, 14.4%, 10.7%, respectively.

The main partner for exports was Germany in October 2020

In October 2020, the main partner country for exports was Germany with 1 billion 620 million dollars. The country was followed by the United Kingdom with 1 billion 495 million dollars, Iraq with 966 million dollars, USA with 964 million dollars, Italy with 904 million dollars. The ratio of the first five countries in total exports was 34.3% in October 2020.

 In January-October 2020 period, the main partner country for exports was Germany with 12 billion 893 million dollars. The country was followed by the United Kingdom with 9 billion 40 million dollars, USA with 8 billion 196 million dollars, Iraq with 7 billion 208 million dollars and Italy with 6 billion 429 million dollars. The ratio of the first five countries in total exports was 32.3% in January-October 2020.

The main partner for imports was Germany in October 2020

In October 2020, the top country for Turkey's imports was Germany with 2 billion 256 million dollars. The country was followed by China with 1 billion 919 million dollars, Russia with 1 billion 303 million dollars, USA with 1 billion 81 million dollars and France with 1 billion 58 million dollars. The ratio of first five countries in total imports was 38.7% in October 2020.

In January-October 2020 period, the top country for Turkey's imports was China with 18 billion 300 million dollars. The country was followed by Germany with 16 billion 969 million dollars, Russia with 14 billion 142 million dollars, USA with 9 billion 841 million dollars and Italy with 7 billion 175 million dollars. The ratio of first five countries in total imports was 37.8% in January-October 2020.

Seasonally and calendar adjusted exports increased by 6.9%

In October 2020, seasonally and calendar adjusted exports increased by 6.9% imports decreased 4.4% compared with previous month. In October 2020, while calendar adjusted exports and imports increased by 8.7%, 11.4% respectively compared with October 2019.

Ratio of exports of high-tech products in manufacturing industries was 3.5%

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 94.8% in October 2020. The ratio of high-technology products in manufacturing industries exports was 3.5%. In January-October 2020 period, the ratio of high-technology products in manufacturing industries exports was 3.4%.

The ratio of manufacturing industries' products in total imports was 84.7%. The ratio of high-technology products in manufacturing industries' imports was 16.6% in October 2020. The ratio of manufacturing industries' products in total imports was 81.8% in January-October 2020. The ratio of high-technology products in manufacturing industries' imports was 13.2% in January-October 2020.  

According to the special trade system, exports were 16 billion 443 million dollars in October 2020

According to the special trade system, in October 2020, exports were 16 billion 443 million dollars with a 5.1% increase and imports were 18 billion 724 million dollars with a 7.2% increase compared with October 2019.

In October 2020 foreign trade deficit was 2 billion 281 million dollars with a 24.4% increase compared with October 2019.

Exports coverage imports was 87.8%, while it was 89.5% in October 2019.

Exports were 128 billion 353 million dollars in January-October 2020

According to the special trade system, exports were 128 billion 353 million dollars with a 9.2% decrease and imports were 168 billion 533 million dollars with a 1.6% increase compared with January-October 2019.

In January-October 2020 period, foreign trade deficit was 40 billion 179 million dollars with a 63.3% increase compared with January-October 2019.

Exports coverage imports was 76.2%, while it was 85.2% in January-October 2019. 

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