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  3. Turkstat announces Turkey's foreign trade figures for July
Turkstat announces Turkey's foreign trade figures for July

Turkstat announces Turkey's foreign trade figures for July

Turkey's exports were 15 billion 160 million dollars with a 7.9% increase and imports were 18 billion 351 million dollars with an 8.5% decrease compared with July 2018.

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According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in July 2019; exports were 15 billion 160 million dollars with a 7.9%  increase and imports were 18 billion 351 million dollars with an 8.5% decrease compared with July 2018.In July 2019 foreign trade deficit was 3 billion 192 million dollars with a 46.9% decrease compared with July 2018. In July 2019, exports coverage imports were 82.6% while it was 70% in July 2018.Seasonally and calendar adjusted exports and imports increased by 15.2% and 4.6%, respectively compared with the previous month. Calendar adjusted exports increased by 4.8% while imports decreased by 9.1% compared with July 2018.

In July 2019, the main partner country for exports was Germany with 1 billion 379 million dollars.

The country was followed by the United Kingdom with 1 billion 91 million dollars, Iraq with 770 million dollars and France with 741 million dollars. The top country for Turkey's imports was Russia with 2 billion 90 million dollars.

The country was followed by Germany with 1 billion 728 million dollars, China with 1 billion 663 million dollars and the USA with 1 billion 324 million dollars.

Foreign trade by technology intensity covers the manufacturing industries' products in the classification of ISIC Rev.3. According to the ISIC Rev.3, the ratio of manufacturing industries products in total exports was 95.6% in July.

The ratio of high-technology products in manufacturing industries exports was 3.3%. The ratio of manufacturing industries' products in total imports was 77.1%. The ratio of high-technology products in manufacturing industries' imports was 17.1% in July 2019.

According to the general trade system in July 2019, exports were 15 billion 896 million dollars with a 7.9% increase and imports were 19 billion 232 million dollars with an 8.2% decrease compared with July 2018. Exports coverage imports were 82.7% in July 2019.

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