Exports and imports in Turkey increased by 0.1% and 9.7%, respectively

Exports and imports increased by 0.1% and 9.7%, respectively

According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in November 2019; exports were 15 billion 503 million dollars with a 0.1%  increase and imports were 17 billion 737 million dollars  with a 9.7%  increase  compared with November 2018.

Foreign trade deficit increased by 232.2%  

In November 2019 foreign trade deficit was 2 billion 234 million dollars with a 232.2% increase compared with November 2018. In November 2019, exports coverage imports was 87.4% while it was 95.8% in November 2018.

Seasonally and calendar adjusted exports increased by 1%

Seasonally and calendar adjusted exports and imports increased by 1% and 3.4%, respectively compared with previous month. Calendar adjusted exports and imports increased by 1% and 12.7%, respectively compared with November 2018.

The main partner for exports was Germany

In November 2019, the main partner country for exports was Germany with 1 billion 393 million dollars. The country was followed by Iraq with 956 million dollars, the United Kingdom with 915 million dollars and Italy with 837 million dollars. The top country for Turkey’s imports was Russia with 1 billion 985 million dollars.  The  country  was  followed  by  China with 1 billion 772 million dollars, Germany with 1 billion 656 million dollars and USA with 802 million dollars.

Ratio of exports of high-tech products in manufacturing industries was 4.7%

Foreign trade by technology intensity covers the manufacturing industries’ products in classification of  ISIC Rev.3. According to the ISIC Rev.3, the ratio of manufacturing industries products in total exports was 93.1% in November. The ratio of high-technology products in manufacturing industries exports was 4.7%. The ratio of manufacturing industries’ products in total imports was 77.7%. The ratio of high-technology products in  manufacturing industries’ imports was 15.9% in November 2019.

According to general trade system exports were 16 billion 221 million dollars  

According to the general trade system in November 2019, exports were 16 billion 221 million dollars  with a 1.1% decrease and imports were 18 billion 228 million dollars  with a 11.8%  increase  compared with November 2018. Exports coverage imports was 89% in November 2019.

The next release on this subject will be on January 31, 2020.
                                                                                                                                                                
EXPLANATIONS

Foreign trade statistics are calculated by using two different trading systems, namely the special trade system and the general trade system. In the special trade system, data of customs warehouses and free zones are not included in statistics. However, goods entering in or leaving from the free circulation area of a country are covered. In the special trade system, free zones and customs warehouses are not included in the statistical region of that country. For this reason, goods sent from free zones and warehouses to the country and goods sent from the country to free zones and customs warehouses are covered in the calculations but trade between these regions and third countries aren’t covered in the calculations. In the general trade system, goods entering in or leaving from economic area of the country are covered in statistics. In the general trade system, goods entering in free zones, customs warehouses and free circulation area which constitute the economic area of the country or leaving from these areas are covered in the calculations.

Turkish Statistical Institute will continue to publish detailed foreign trade statistics according to the special trade system. In addition, annual and monthly total foreign trade statistics by the general trade system will be given in a bulletin table and in a statistical table including 2013-2019 period.