September 30, 2022
Foreign Trade Statistics in Türkiye, August 2022
Exports and imports increased by 18.2%, 40.7% respectively in January-August 2022
In January-August 2022 period, exports were 165 billion 608 million dollars with a 18.2% increase and imports were 239 billion 43 million dollars with a 40.7% increase compared with January-August 2021.
Energy products and non-monetary gold excluded exports and imports increased by 9.3%, 16.6% respectively in August
Exports, excluding energy products and non-monetary gold, were 19 billion 647 million dollars with a 9.3% increase in August 2022. Imports, excluding energy products and non-monetary gold, were 21 billion 453 million dollars with a 16.6% increase in August 2022.
Foreign trade deficit, excluding energy products and non-monetary gold, was 1 billion 806 million dollars in August 2022.
Foreign trade volume was 41 billion 101 million dollars with a 13.0% increase. Energy products and non-monetary gold excluded export coverage imports was 91.6%.
In August 2022 foreign trade deficit was 11 billion 194 million dollars with a 159.9% increase compared with August 2021. In August 2022, exports coverage imports was 65.6%, while it was 81.4% in August 2021.
The foreign trade deficit increased by 146.3% in January-August 2022
In January-August 2022 period, foreign trade deficit was 73 billion 435 million dollars with a 146.3% increase compared with January-August 2021. In the same period, exports coverage imports was 69.3% while it was 82.5% in January-August 2021.
Export, import and balance, August 2022
The ratio of manufacturing industries products in total exports was 95.0% in August 2022
In August 2022, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 95.0%, 2.5%, 2.0%, respectively.
In January-August 2022 period, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.6%, 2.9%, 1.9%, respectively.
The ratio of intermediate goods in total imports was 79.5% in August 2022
In August 2022, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 79.5%,11.6%, 8.8%, respectively.
In January-August 2022 period, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 81.6%,10.6%,7.7%, respectively.
In August 2022, the main partner country for exports was Germany with 1 billion 664 million dollars. The country was followed by USA with 1 billion 483 million dollars, Iraq with 1 billion 258 million dollars, United Kingdom with 1 billion 104 million dollars, Russia with 949 million dollars and. The ratio of the first five countries in total exports was 30.3% in August 2022.
In January-August 2022 period, the main partner country for exports was Germany with 13 billion 775 million dollars. The country was followed by USA with 11 billion 416 million dollars, Iraq with 8 billion 609 million dollars, United Kingdom with 8 billion 604 million dollars, and Italy with 8 billion 352 million dollars. The ratio of the first five countries in total exports was 30.6% in January-August 2022.
The main partner for imports was Russia in August 2022
In August 2022, the top country for Türkiye’s imports was Russia with 6 billion 297 million dollars. The country was followed by China with 4 billion 147 million dollars, Germany with 2 billion 49 million dollars, Switzerland with 1 billion 750 million dollars and USA with 1 billion 324 million dollars. The ratio of first five countries in total imports was 47.9% in August 2022.
In January-August 2022 period, the top country for Türkiye’s imports was Russia with 38 billion 413 million dollars. The country was followed by China with 28 billion 34 million dollars, Germany with 15 billion 328 million dollars, USA with 10 billion 295 million dollars, Italy with 9 billion 132 million dollars. The ratio of first five countries in total imports was 42.3% in January-August 2022.
Seasonally and calendar adjusted exports increased by 2.6%
In August 2022, seasonally and calendar adjusted exports and imports increased by 2.6%, 3.8% respectively compared with previous month. In August 2022, calendar adjusted exports and imports increased by 9.5%, 37.5% respectively compared with August 2021.
Ratio of exports of high-tech products in manufacturing industries was 2.9%
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 95.0% in August 2022. The ratio of high-technology products in manufacturing industries exports was 2.9%. The ratio of manufacturing industries products in total exports was 94.6% in January-August 2022. In January-August 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 72.0%. The ratio of high-technology products in manufacturing industries’ imports was 10.4% in August 2022. The ratio of manufacturing industries’ products in total imports was 70.1% in January-August 2022. The ratio of high-technology products in manufacturing industries’ imports was 9.7% in January-August 2022.
According to the special trade system, exports were 19 billion 540 million dollars in August 2022
According to the special trade system, in August 2022, exports were 19 billion 540 million dollars with a 9.7% increase and imports were 30 billion 746 million dollars with a 37.5% increase compared with August 2021.
In August 2022 foreign trade deficit was 11 billion 206 million dollars with a 146.1% increase compared with August 2021.
Exports coverage imports was 63.6%, while it was 79.6% in August 2021.
Exports were 154 billion 437 million dollars in January-August 2022
According to the special trade system, exports were 154 billion 437 million dollars with a 16.3% increase and imports were 225 billion 486 million dollars with a 38.0% increase compared with January-August 2021.
In January-August 2022 period, foreign trade deficit was 71 billion 49 million dollars with a 132.3% increase compared with January-August 2021.
Exports coverage imports was 68.5%, while it was 81.3% in January-August 2021.
The next release on this subject will be on October 27, 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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