According to the provisional foreign trade data by the Ministry of Commerce in cooperation with Turkey Statistical Institute; Exports increased by 2.1 percent in 2019 compared to the previous year and reached 171 billion 531 million dollars, while imports decreased by 9.1 percent and reached 202 billion 705 million dollars.
The foreign trade deficit decreased by 43.5 percent in 2019, from 55 billion 126 million dollars to 31 billion 174 million dollars in 2019. While the ratio of exports to imports was 75.3 in 2018, it was 84.6 percent in 2019.
EXPORT INCREASED 6.4 percent, IMPORT INCREASED 14.9 percent
Exports increased by 6.4 percent in December 2019 compared to the same month of the previous year and amounted to 14 billion 694 million dollars, and imports increased by 14.9 percent to 19 billion 19 million dollars.
The foreign trade deficit increased by 57.6 percent in December 2019 compared to the same month of the previous year and rose from $ 2 billion 744 million to $ 4 billion 325 million. The ratio of exports to imports was 77.3 percent in December 2019.
THE SHARE OF THE MANUFACTURING INDUSTRY IN TOTAL EXPORT HAS BEEN 93%
According to economic activities, the share of the manufacturing industry in exports was 93 percent in December 2019, the share of the agriculture and forestry sector was 4.4 percent, the share of the mining and quarrying sector was 1.8 percent and the share of the fishing sector was 0.5 percent.
According to the classification of broad economic groups, the share of intermediate goods in imports was 75.4 percent, the share of capital goods was 14.2 percent and the share of consumer goods was 10.2 percent in December 2019.
THE MOST EXPORTED COUNTRY GERMANY
Germany ranked first in exports in 2019. While exports to Germany amounted to 15 billion 435 million dollars, this country; The United Kingdom with 10 billion 870 million dollars, Italy with 9 billion 300 million dollars, Iraq with 8 billion 999 million dollars and the USA with 8 billion 58 million dollars. Exports to the top 5 countries in exports accounted for 30.7% of total exports.
RUSSIA TAKES THE FIRST ORDER IN IMPORT
In import, Russia took the first place. While imports from Russia amounted to 22 billion 454 million dollars in 2019, this country; 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. Imports from the top 5 countries in imports accounted for 38.8 percent of total imports.
Exports decreased by 0.9 percent in December compared to the seasonally and calendar adjusted series
According to the seasonally and calendar adjusted series; In December 2019, exports decreased by 0.9 percent, imports increased by 1.1 percent compared to the previous month.
According to the calendar adjusted series; In December 2019, exports increased by 5.4 percent and imports by 11.6 percent compared to the same month of the previous year.
Foreign trade data according to technology density includes the manufacturing industry products in the ISIC Rev.3 classification. According to ISIC Rev.3 in December, the share of manufacturing industry products in total exports is 93 percent. The share of high-tech products in the export of manufacturing industry products is 4.3 percent.
In December, the share of manufacturing industry products in total imports was 76.6 percent. The share of high technology products in manufacturing industry products imports is 15.7 percent.
According to the general trade system, exports increased by 2.2 percent in 2019 compared to the previous year and reached 180 billion 718 million dollars, while imports decreased by 9.1 percent and reached 210 billion 261 million dollars. The ratio of exports to imports in the given year was 85.9 percent.
According to the general trade system in December, exports increased by 6.9 percent compared to the same month of the previous year and reached 15 billion 684 million dollars, and imports increased by 19.3 percent to 19 billion 971 million dollars. The ratio of exports to imports in the given month was 78.5 percent.
