October 29, 2022
Foreign Trade Statistics in Türkiye, September 2022
According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in September 2022; exports were 22 billion 612 million dollars with a 9.2% increase and imports were 32 billion 208 million dollars with a 38.1% increase compared with September 2021.
Exports and imports increased by 17.0%, 40.4% respectively in January-September 2022
In January-September 2022 period, exports were 188 billion 152 million dollars with a 17.0% increase and imports were 271 billion 249 million dollars with a 40.4% increase compared with January-September 2021.
Energy products and non-monetary gold excluded exports and imports increased by 4.4%, 10.9% respectively in September
Exports, excluding energy products and non-monetary gold, were 20 billion 779 million dollars with a 4.4% increase in September 2022. Imports, excluding energy products and non-monetary gold, were 20 billion 602 million dollars with a 10.9% increase in September 2022.
Foreign trade surplus, excluding energy products and non-monetary gold, was 177 million dollars in September 2022.
Foreign trade volume was 41 billion 381 million dollars with a 7.6% increase. Energy products and non-monetary gold excluded export coverage imports was 100.9%.
The foreign trade deficit increased by 268.1% in September 2022
In September 2022 foreign trade deficit was 9 billion 595 million dollars with a 268.1% increase compared with September 2021. In September 2022, exports coverage imports was 70.2%, while it was 88.8% in September 2021.
The foreign trade deficit increased by 156.3% in January-September 2022
In January-September 2022 period, foreign trade deficit was 83 billion 97 million dollars with a 156.3% increase compared with January-September 2021. In the same period, exports coverage imports was 69.4% while it was 83.2% in January-September 2021.
Export, import and balance, September 2022
The ratio of manufacturing industries products in total exports was 95.3% in September 2022
In September 2022, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 95.3%, 2.6%, 1.5%, respectively.
In January-September 2022 period, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.7%, 2.9%, 1.9%, respectively.
The ratio of intermediate goods in total imports was 80.3% in September 2022
In September 2022, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 80.3%,11.1%, 8.5%, respectively.
In January-September 2022 period, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 81.4%,10.7%,7.8%, respectively.
The main partner for exports was Germany in September 2022
In September 2022, the main partner country for exports was Germany with 2 billion 3 million dollars. The country was followed by USA with 1 billion 378 million dollars, Iraq with 1 billion 277 million dollars, United Kingdom with 1 billion 205 million dollars, and Russia with 1 billion 147 million dollars. The ratio of the first five countries in total exports was 31.0% in September 2022.
In January-September 2022 period, the main partner country for exports was Germany with 15 billion 777 million dollars. The country was followed by USA with 12 billion 746 million dollars, Iraq with 9 billion 885 million dollars, United Kingdom with 9 billion 801 million dollars, and Italy with 9 billion 268 million dollars. The ratio of the first five countries in total exports was 30.5% in January-September 2022.
The main partner for imports was Russia in September 2022
In September 2022, the top country for Türkiye’s imports was Russia with 6 billion 226 million dollars. The country was followed by China with 3 billion 709 million dollars, Switzerland with 2 billion 129 million dollars, Germany with 2 billion 37 million dollars and USA with 1 billion 512 million dollars. The ratio of first five countries in total imports was 48.5% in September 2022.
In January-September 2022 period, the top country for Türkiye’s imports was Russia with 44 billion 638 million dollars. The country was followed by China with 31 billion 742 million dollars, Germany with 17 billion 364 million dollars, USA with 11 billion 807 million dollars, Italy with 10 billion 330 million dollars. The ratio of first five countries in total imports was 42.7% in January-September 2022.
Seasonally and calendar adjusted exports increased by 0.8%
In September 2022, while seasonally and calendar adjusted exports increased by 0.8%, imports decreased by 1.3% compared with previous month. In September 2022, calendar adjusted exports and imports increased by 9.5%, 38.9% respectively compared with September 2021.
Ratio of exports of high-tech products in manufacturing industries was 2.6%
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 95.3% in September 2022. The ratio of high-technology products in manufacturing industries exports was 2.6%. The ratio of manufacturing industries products in total exports was 94.7% in January-September 2022. In January-September 2022 period, the ratio of high-technology products in manufacturing industries exports was 2.8%.
The ratio of manufacturing industries’ products in total imports was 73.5%. The ratio of high-technology products in manufacturing industries’ imports was 9.1% in September 2022. The ratio of manufacturing industries’ products in total imports was 70.5% in January-September 2022. The ratio of high-technology products in manufacturing industries’ imports was 9.7% in January-September 2022.
According to the special trade system, exports were 20 billion 633 million dollars in September 2022
According to the special trade system, in September 2022, exports were 20 billion 633 million dollars with a 5.5% increase and imports were 30 billion 188 million dollars with a 35.4% increase compared with September 2021.
In September 2022 foreign trade deficit was 9 billion 555 million dollars with a 248.9% increase compared with September 2021.
Exports coverage imports was 68.3%, while it was 87.7% in September 2021.
Exports were 175 billion dollars in January-September 2022
According to the special trade system, exports were 175 billion dollars with a 14.8% increase and imports were 225 billion 674 million dollars with a 37.7% increase compared with January-September 2021.
In January-September 2022 period, foreign trade deficit was 80 billion 674 million dollars with a 142.0% increase compared with January-September 2021.
Exports coverage imports was 68.4%, while it was 82.1% in January-September 2021.
The next release on this subject will be on November 29, 2022.
____________________________________________________________________________________________________
EXPLANATIONS
Foreign trade statistics are calculated according to two different trade systems, general trade system and special trade system.In the general trade system, goods entering and leaving the economic area of a country are covered. In this system, free zones, customs warehouses and goods entering or leaving the free circulation area, which constitute the economic area of the country, are included in the calculations.In the special trade system, customs warehouses and free zones are not included in the statistics, only goods entering and leaving the country’s free circulation area are covered.
In this context, in order to ensure consistency with economic statistics such as balance of payments and national accounts calculations, foreign trade statistics, which is produced by Turkish Statistical Institute in collaboration with the Ministry of Trade, have been published according to the general trade system in detail from January 2020. In addition, statistics according to the special trade system have been published in the press release and additional tables.
Source: Turkish Statistical Institute (TurkStat)
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
