June 30, 2022
Foreign Trade Statistics in Türkiye, May 2022
According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in May 2022; exports were 18 billion 984 million dollars with a 15.3% increase and imports were 29 billion 588 million dollars with a 43.5% increase compared with May 2021.
Exports and imports increased by 20.4%, 40.8% respectively in January-May 2022
In January-May 2022 period, exports were 102 billion 469 million dollars with a 20.4% increase and imports were 145 billion 675 million dollars with a 40.8% increase compared with January-May 2021.
Exports, excluding energy products and non-monetary gold, were 17 billion 514 million dollars with a 13.2% increase in May 2022. Imports, excluding energy products and non-monetary gold, were 21 billion 264 million dollars with a 22.6% increase in May 2022.
Foreign trade deficit, excluding energy products and non-monetary gold, was 3 billion 750 million dollars in May 2022.
Foreign trade volume was 38 billion 777 million dollars with a 18.2% increase. Energy products and non-monetary gold excluded export coverage imports was 82.4%.
In May 2022 foreign trade deficit was 10 billion 605 million dollars with a 155.2% increase compared with May 2021. In May 2022, exports coverage imports was 64.2%, while it was 79.8% in May 2021.
The foreign trade deficit increased by 136.0% in January-May 2022
In January-May 2022 period, foreign trade deficit was 43 billion 206 million dollars with a 136.0% increase compared with January-May 2021. In the same period, exports coverage imports was 70.3% while it was 82.3% in January-May 2021.
Export, import and balance, May 2022
The ratio of manufacturing industries products in total exports was 94.7% in May 2022
In May 2022, 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.
In January-May 2022 period, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.5%, 3.1%, 1.8%, respectively.
The ratio of intermediate goods in total imports was 81.3% in May 2022
In May 2022, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 81.3%,10.7%, 7.9%, respectively.
In January-May 2022 period, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 82.3%,10.4%,7.3%, respectively.
The main partner for exports was Germany in May 2022
In May 2022, the main partner country for exports was Germany with 1 billion 492 million dollars. The country was followed by USA with 1 billion 273 million dollars, Iraq with 978 million dollars, Italy with 953 million dollars and United Kingdom with 911 million dollars. The ratio of the first five countries in total exports was 29.5% in May 2022.
In January-May 2022 period, the main partner country for exports was Germany with 8 billion 770 million dollars. The country was followed by USA with 7 billion 102 million dollars, Italy with 5 billion 466 million dollars, the United Kingdom with 5 billion 281 million dollars, and Iraq with 5 billion 168 million dollars. The ratio of the first five countries in total exports was 31.0% in January-May 2022.
The main partner for imports was Russia in May 2022
In May 2022, the top country for Türkiye’s imports was Russia with 4 billion 487 million dollars. The country was followed by China with 3 billion 234 million dollars, Germany with 1 billion 980 million dollars, USA with 1 billion 529 million dollars and Italy with 1 billion 305 million dollars. The ratio of first five countries in total imports was 42.4% in May 2022.
In January-May 2022 period, the top country for Türkiye’s imports was Russia with 22 billion 653 million dollars. The country was followed by China with 16 billion 416 million dollars, Germany with 9 billion 502 million dollars, USA with 6 billion 248 million dollars, Italy with 5 billion 339 million dollars. The ratio of first five countries in total imports was 41.3% in January-May 2022.
Seasonally and calendar adjusted exports decreased by 7.6%
In May 2022, while seasonally and calendar adjusted exports decreased by 7.6% imports increased by 4.6% compared with previous month. In May 2022, calendar adjusted exports and imports increased by 12.3%, 40.0% respectively compared with May 2021.
Ratio of exports of high-tech products in manufacturing industries was 2.4%
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 94.7% in May 2022. The ratio of high-technology products in manufacturing industries exports was 2.4%. The ratio of manufacturing industries products in total exports was 94.5% in January-May 2022. In January-May 2022 period, the ratio of high-technology products in manufacturing industries exports was 2.9%.
The ratio of manufacturing industries’ products in total imports was 72.9%. The ratio of high-technology products in manufacturing industries’ imports was 8.9% in May 2022. The ratio of manufacturing industries’ products in total imports was 68.6% in January-May 2022. The ratio of high-technology products in manufacturing industries’ imports was 9.8% in January-May 2022.
According to the special trade system, exports were 17 billion 598 million dollars in May 2022
According to the special trade system, in May 2022, exports were 17 billion 598 million dollars with a 12.6% increase and imports were 27 billion 193 million dollars with a 40.8% increase compared with May 2021.
In May 2022 foreign trade deficit was 9 billion 595 million dollars with a 159.6% increase compared with May 2021.
Exports coverage imports was 64.7%, while it was 80.9% in May 2021.
Exports were 96 billion 323 million dollars in January-May 2022
According to the special trade system, exports were 96 billion 323 million dollars with a 19.4% increase and imports were 138 billion 960 million dollars with a 39.9% increase compared with January-May 2021.
In January-May 2022 period, foreign trade deficit was 42 billion 636 million dollars with a 128.6% increase compared with January-May 2021.
Exports coverage imports was 69.3%, while it was 81.2% in January-May 2021.
The next release on this subject will be on July 29, 2022.
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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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