Minister of Trade Mehmet Muş unveiled Turkey’s April 2021 foreign trade statistics on May 3.
Accordingly, Turkey’s exports rose 109.02 percent year-on-year in April 2021, reaching USD 18.76 billion -all-time April high-. Exports in the January-April 2021 period also rose 33.1 percent when compared to the same period of the previous year reaching USD 68.75 billion. Turkey’s foreign trade volume witnessed an increase of 80.37 percent in April and 25.47 percent in the first four months of the year, reaching USD 40.65 billion and USD 151.66 billion respectively. Meanwhile, foreign trade deficit in April 2021 receded by 31.9 percent to USD 3.1 billion from USD 4.6 billion in April 2020.
Increase in April 2021 exports was mainly driven by the exports of motor vehicles with USD 2.1 billion, machinery with USD 1.87 billion and iron & steel with USD 1.28 billion.
Germany was the top export destination for Turkey in April with USD 1.65 billion, followed by the US with USD 1.18 billion and the UK with USD 1.03 billion.
The number of exporting companies in Turkey, which stood at 30,112 in April 2020, increased by 49.4 percent reaching 44,988 in April 2021.
Source: Republic of Turkey Investment Office
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