Exports decreased by 1.9% while imports increased by 1.6%
According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Customs and Trade, in February 2017; exports were 12 billion 127 million dollars with a 1.9% decrease and imports were 15 billion 820 million dollars with a 1.6% increase compared with February 2016.
Foreign trade deficit increased by 15%
In February 2017 foreign trade deficit was 3 billion 693 million dollars with a 15% increase compared with February 2016.
In February 2017, exports coverage imports was 76.7% while it was 79.4% in February 2016.
Seasonally and calendar adjusted exports increased by 1.8%
Seasonally and calendar adjusted exports and imports increased by 1.8% and 1.7%, respectively compared with previous month. Calendar adjusted exports and imports increased by 0.7% and 5.5%, respectively compared with February 2016.
Exports to the European Union decreased by 3.2%
As compared with the same month of the previous year, exports to the EU-28 decreased by 3.2% from 5 billion 723 million dollars to 5 billion 539 million dollars. The proportion of the EU countries was 45.7% in February 2017 while it was 46.3% in February 2016.
The main partner for exports was Germany
In February 2017, the main partner country for exports was Germany with 1 billion 119 million dollars. The country was followed by UAE with 938 million dollars, Iraq with 725 million dollars and the United Kingdom with 702 million dollars.
The top country for imports was China
In February 2017, the top country for Turkey’s imports was China with 1 billion 643 million dollars. The country was followed by Germany with 1 billion 439 million dollars, Russia with 1 billion 304 million dollars and France with 767 million dollars.
Ratio of exports of high-tech products in manufacturing industries was 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 93.9% in February. The ratio of high-technology products in manufacturing industries was 3%. The ratio of medium-high-technology products in manufacturing industries’ products was 33.4%.
Ratio of imports of high-tech products in manufacturing industries was 16.1%
The ratio of manufacturing industries’ products in total imports was 80%. The ratio of high-technology products in manufacturing industries’ products was 16.1% in February 2017. The ratio of medium-high-technology products in manufacturing industries’ products was 42.5%.
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