Exports increased by 2.1% and imports decreased by 9.1% in 2019 in Turkey

Exports increased by 2.1% and imports decreased by 9.1% in 2019

According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in 2019; exports were 171 billion 531 million dollars with a 2.1%  increase and imports were 202 billion 705 million dollars with a 9.1% decrease compared with 2018.

In 2019 foreign trade deficit was 31 billion 174 million dollars with a 43.5% decrease compared with 2018. In 2019, exports coverage imports was 84.6% while it was 75.3% in 2018.

Exports and Imports increased by 6.4%, 14.9%, respectively in December

In December 2019, exports were 14 billion 694 million dollars with a 6.4% increase and imports were 19 billion 19 million dollars with a 14.9% increase compared with December 2018.

In December 2019, foreign trade deficit was 4 billion 325 million dollars with a 57.6% increase compared with December 2018. In December 2019, exports coverage imports was 77.3% while it was 83.4%, in December 2018.

Export, Import and Balance, December 2019

The ratio of manufacturing industries products in total exports was 93% in December 

In December 2019, according to economic activities, the ratios of manufacturing industries products, agriculture and forestry, mining and quarrying and fisheries in total exports were 93%,  4.4%, 1.8%, 0.5% respectively.

In December 2019, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 75.4%, 14.2%, 10.2%,  respectively.

The main partner for exports was Germany in 2019

In 2019, the main partner country for exports was Germany with 15 billion 435 million dollars. The country was followed by the United Kingdom with 10 billion 870 million dollars, Italy with 9 billion 300 million dollars, Iraq with 8 billion 999 million dollars and USA with 8 billion 58 million dollars. The ratio of total  export of the first five countries in total export was 30.7% in 2019.

The main partner for imports was Russia in 2019

In 2019, the top country for Turkey’s imports was Russia with 22 billion 454 million dollars. The country was  followed by China with 18 billion 497 million dollars, Germany with 17 billion 976 million dollars, USA with 11 billion 186 million dollars and Italy with 8 billion 612 million dollars. The ratio of first five countries in total import was 38.8% in 2019.

Seasonally and calendar adjusted exports decreased by 0.9%

Seasonally and calendar adjusted exports decreased by 0.9%, imports increased by 1.1% compared with previous month. Calendar adjusted exports and imports increased by 5.4% and 11.6%, respectively compared with December 2018.

Ratio of exports of high-tech products in manufacturing industries was 4.3%

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% in December 2019. The ratio of high-technology products in manufacturing industries exports was 4.3%.

The ratio of manufacturing industries’ products in total imports was 76.6%. The ratio of high-technology products in  manufacturing industries’ imports was 15.7%, in December 2019.

According to general trade system exports were 180 billion 718 million dollars in 2019

According to general trade system, in 2019, exports were 180 billion 718 million dollars with a 2.2% increase and imports were 210 billion 261 million dollars with a 9.1% decrease compared with 2018. Exports coverage imports was 85.9% in 2019.

According to the general trade system in December 2019, exports were 15 billion 684 million dollars  with a 6.9% increase and imports were 19 billion 971 million dollars  with a 19.3%  increase  compared with December 2018. Exports coverage imports was 78.5% in  December 2019.

The next release on this subject will be on February 28, 2020.
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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.