Foreign Trade Statistics, May 2019
Exports increased by 12.1% while imports decreased by 19.3%According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in May 2019; exports were 15 billion 981 million dollars with a 12.1% increase and imports were 17 billion 819 million dollars with a 19.3% decrease compared with May 2018.
Foreign trade deficit decreased by 76.5%
In May 2019 foreign trade deficit was 1 billion 838 million dollars with a 76.5% decrease compared with May 2018. In May 2019, exports coverage imports was 89.7% while it was 64.6% in May 2018.
Seasonally and calendar adjusted exports increased by 8.1%
Seasonally and calendar adjusted exports increased by 8.1% while imports decreased by 4.1% compared with previous month. Calendar adjusted exports increased by 12% while imports decreased by 19.7% compared with May 2018.
The main partner for exports was Germany
In May 2019, the main partner country for exports was Germany with 1 billion 467 million dollars. The country was followed by Italy with 857 million dollars, the United Kingdom with 853 million dollars and USA with 784 million dollars. The top country for Turkey’s imports was Russia with 1 billion 890 million dollars. The country was followed by China with 1 billion 623 million dollars, Germany with 1 billion 619 million dollars and USA with 1 billion 3 million dollars.
Ratio of exports of high-tech products in manufacturing industries was 3.4%
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 94.8% in May. The ratio of high-technology products in manufacturing industries was 3.4%. The ratio of manufacturing industries’ products in total imports was 75.2%. The ratio of high-technology products in manufacturing industries’ products was 15% in May 2019.
According to general trade system exports were 16 billion 803 million dollars
According to the general trade system in May 2019, exports were 16 billion 803 million dollars with a 11.4% increase and imports were 18 billion 541 million dollars with a 20.1% decrease compared with May 2018. Exports coverage imports was 90.6% in May 2019.
The next release on this subject will be on July 31, 2019.
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.
Source:TÜİK
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