Turkey’s exports rise by 2.3% in January

Turkey’s exports rise by 2.3% in January

According to the general trade system exports increased by 2.3%, imports decreased by 5.9% respectively in January 2021, the Turkish Statistical Institute said in a statement on Friday.

According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in January 2021; exports were 15 billion 45 million dollars with a 2.3% increase and imports were 18 billion 79 million dollars with a 5.9% decrease compared with January 2020.

Energy products and non-monetary gold excluded exports and imports increased by 1.2%, 5.2% respectively in January

Exports, excluding energy products and non-monetary gold, were 14 billion 56 million dollars with a 1.2% increase in January 2021. Imports, excluding energy products and non-monetary gold, were 14 billion 46 million dollars with a 5.2% increase in January 2021.

Foreign trade surplus, excluding energy products and non-monetary gold, was 9 million dollars in January 2021.

Foreign trade volume was 28 billion 102 million dollars with a 3.1% increase. Energy products and non-monetary gold excluded export coverage imports was 100.1%.

The foreign trade deficit decreased by 32.8% in January 2021

In January 2021 foreign trade deficit was 3 billion 34 million dollars with a 32.8% decrease compared with January 2020. In January 2021, exports coverage imports was 83.2%, while it was 76.5% in January 2020.

The ratio of manufacturing industries products in total exports was 93.8% in January 2021

In January 2021, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining, and quarrying in total exports were 93.8%, 4.0%, 1.7%, respectively.

The ratio of intermediate goods in total imports was 76.3% in January 2021

In January 2021, according to the BEC classification, the ratios of intermediate goods, capital goods, and consumption goods in total imports were 76.3%, 13.9%, 9.7%, respectively.

The main partner for exports was Germany in January 2021

In January 2021, the main partner country for exports was Germany with 1 billion 455 million dollars. The country was followed by the USA with 933 million dollars, Italy with 864 million dollars, United Kingdom with 813 million dollars and France with 738 million dollars. The ratio of the first five countries in total exports was 31.9% in January 2021.

The main partner for imports was China in January 2021

In January 2021, the top country for Turkey's imports was China with 2 billion 200 million dollars. The country was followed by Russia with 1 billion 829 million dollars, Germany with 1 billion 511 million dollars, Iraq with 809 million dollars and USA with 729 million dollars. The ratio of the first five countries in total imports was 39.1% in January 2021.

Seasonally and calendar adjusted exports increased by 1.6%

In January 2021, while seasonally and calendar adjusted exports increased by 1.6%, imports decreased 2.7% compared with the previous month. In January 2021, while calendar adjusted exports increased by 9.3%, imports decreased 0.4% respectively compared with January 2020.

The ratio of exports of high-tech products in manufacturing industries was 3.0%

Foreign trade by technology intensity covers the manufacturing industries' products in the classification of ISIC Rev.4. According to the ISIC Rev.4, the ratio of manufacturing industries products in total exports was 93.8% in January 2021. The ratio of high-technology products in manufacturing industries exports was 3.0%.

The ratio of manufacturing industries' products in total imports was 78.7%. The ratio of high-technology products in manufacturing industries' imports was 13.6% in January 2021.

According to the special trade system, exports were 14 billion 279 million dollars in January 2021

According to the special trade system, in January 2021, exports were 14 billion 279 million dollars with a 3.1% increase and imports were 17 billion 827 million dollars with a 3.7% decrease compared with January 2020.

In January 2021 foreign trade deficit was 3 billion 548 million dollars with a 24.1% decrease compared with January 2020.

Exports coverage imports was 80.1%, while it was 74.8% in January 2020. 

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