May 4, 2023

Foreign Trade Statistics in Türkiye, March 2023

According to the general trade system exports and imports increased by 4.4%, 3.4% respectively in March 2023

According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in March 2023; exports were 23 billion 595 million dollars with a 4.4% increase and imports were 31 billion 936 million dollars with a 3.4% increase compared with March 2022.

Exports and imports increased by 2.5%, 11.1% respectively in January-March 2023

In January-March 2023 period, exports were 61 billion 558 million dollars with a 2.5% increase and imports were 96 billion 250 million dollars with a 11.1% increase compared with January-March 2022.

Energy products and non-monetary gold excluded exports and imports increased by 3.7%, 14.2% respectively in March

Exports, excluding energy products and non-monetary gold, were 21 billion 977 million dollars with a 3.7% increase in March 2023. Imports, excluding energy products and non-monetary gold, were 24 billion 462 million dollars with a 14.2% increase in March 2023.

Foreign trade deficit, excluding energy products and non-monetary gold, was 2 billion 485 million dollars in March 2023.

Foreign trade volume was 46 billion 439 million dollars with a 8.9% increase. Energy products and non-monetary gold excluded export coverage imports was 89.8%.

The foreign trade deficit increased by 0.9% in March 2023

In March 2023, foreign trade deficit was 8 billion 341 million dollars with a 0.9% increase compared with March 2022. In March 2023, exports coverage imports was 73.9%, while it was 73.2% in March 2022.

The foreign trade deficit increased by 30.7% in January-March 2023

In January-March 2023 period, foreign trade deficit was 34 billion 692 million dollars with a 30.7% increase compared with January-March 2022. In the same period, exports coverage imports was 64.0%, while it was 69.4% in January-March 2022.

The ratio of manufacturing industries products in total exports was 94.9% in March 2023

In March 2023, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.9%, 3.3%, 1.3%, respectively.

In January-March 2023 period, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.4%, 3.7%, 1.4%, respectively.

The ratio of intermediate goods in total imports was 72.8% in March 2023

In March 2023, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 72.8%,14.9%,12.2%, respectively.

In January-March 2023 period, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 76.8%,12.5%,10.6%, respectively.

The main partner for exports was Germany in March 2023

In March 2023, the main partner country for exports was Germany with 2 billion 6 million dollars. The country was followed by USA with 1 billion 384 million dollars, Italy with 1 billion 191 million dollars, United Kingdom with 1 billion 130 million dollars and Iraq with 1 billion 112 million dollars. The ratio of the first five countries in total exports was 28.9% in March 2023.

In January-March 2023 period, the main partner country for exports was Germany with 5 billion 528 million dollars. The country was followed by USA with 3 billion 656 million dollars, Italy with 3 billion 223 million dollars, Russia with 3 billion 102 million dollars, and United Kingdom with 2 billion 933 million dollars. The ratio of the first five countries in total exports was 30.0% in January-March 2023.

The main partner for imports was Russia in March 2023

In March 2023, the top country for Türkiye’s imports was Russia with 3 billion 863 million dollars. The country was followed by China with 3 billion 787 million dollars, Germany with 2 billion 694 million dollars, USA with 1 billion 408 million dollars, Italy with 1 billion 393 million dollars. The ratio of first five countries in total imports was 41.2% in March 2023.

In January-March 2023 period, the top country for Türkiye’s imports was Russia with 13 billion 77 million dollars. The country was followed by China with 10 billion 444 million dollars, Switzerland with 9 billion 164 million dollars, Germany with 6 billion 582 million dollars, USA with 3 billion 702 million dollars. The ratio of first five countries in total imports was 44.6% in January-March 2023.

Seasonally and calendar adjusted exports increased by 12.5%

In March 2023, while seasonally and calendar adjusted exports increased by 12.5%, imports decreased by 7.0% compared with previous month. In March 2023, calendar adjusted exports and imports increased by 4.7%, 3.7% respectively compared with March 2022.

Ratio of exports of high-tech products in manufacturing industries was 4.0%

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 94.9% in March 2023. The ratio of high-technology products in manufacturing industries exports was 4.0%. The ratio of manufacturing industries products in total exports was 94.4% in January-March 2023. In January-March 2023 period, the ratio of high-technology products in manufacturing industries exports was 3.6%.

The ratio of manufacturing industries products in total imports was 79.5%. The ratio of high-technology products in  manufacturing industries’ imports was 10.8% in March 2023. The ratio of manufacturing industries’ products in total imports was 76.6% in January-March 2023. The ratio of high-technology products in manufacturing industries’ imports was 10.2% in January-March  2023.

According to the special trade system, exports were 21 billion 586 million dollars in March 2023

According to the special trade system, in March 2023, exports were 21 billion 586 million dollars with a 1.7% increase and imports were 30 billion 318 million dollars with a 2.2% increase compared with March 2022.

In March 2023 foreign trade deficit was 8 billion 732 million dollars with a 3.3% increase compared with March 2022.

Exports coverage imports was 71.2%, while it was 71.5% in March 2022.

Exports were 56 billion 142 million dollars in January-March 2023

According to the special trade system, exports were 56 billion 142 million dollars with a 0.8% decrease and imports were 91 billion 60 million dollars with a 9.8% increase compared with January-March 2022.

In January-March 2023 period, foreign trade deficit was 34 billion 918 million dollars with a 32.5% increase compared with January-March 2022.

Exports coverage imports was 61.7%, while it was 68.2% in January-March 2022.

The next release on this subject will be on May 30, 2023.
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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)
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