Exports of Türkiye decreased by 6.4% and imports increased by 10.1% in February 2023

According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in February 2023; while exports were 18 billion 635 million dollars with a 6.4% decrease,  imports were 30 billion 714 million dollars with a 10.1% increase compared with February 2022.

Exports and imports increased by 1.4%, 15.4% respectively in January-February 2023

In January-February 2023 period, exports were 37 billion 992 million dollars with a 1.4% increase and imports were 64 billion 320 million dollars with a 15.4% increase compared with January-February 2022.

Foreign trade by months, February 2023

Energy products and non-monetary gold excluded exports decreased by 7.9% and imports increased by 1.5% in February

Exports, excluding energy products and non-monetary gold, were 17 billion 520 million dollars with a 7.9% decrease in February 2023. Imports, excluding energy products and non-monetary gold, were 19 billion 982 million dollars with a 1.5% increase in February 2023.

Foreign trade deficit, excluding energy products and non-monetary gold, was 2 billion 462 million dollars in February 2023.

Foreign trade volume was 37 billion 502 million dollars with a 3.1% decrease. Energy products and non-monetary gold excluded export coverage imports was 87.7%.

        Export rate of change, February 2023                                        Import rate of change, February 2023

The foreign trade deficit increased by 51.4% in February 2023

In February 2023, foreign trade deficit was 12 billion 79 million dollars with a 51.4% increase compared with February 2022. In February 2023, exports coverage imports was 60.7%, while it was 71.4% in February 2022.

The foreign trade deficit increased by 44.1% in January-February 2023

In January-February 2023 period, foreign trade deficit was 26 billion 328 million dollars with a 44.1% increase compared with January-February 2022. In the same period, exports coverage imports was 59.1%, while it was 67.2% in January-February 2022.

Export, import and balance, February 2023

The ratio of manufacturing industries products in total exports was 94.4% in February 2023

In February 2023, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.4%, 3.7%, 1.5%, respectively.

In January-February 2023 period, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.0%, 3.9%, 1.5%, respectively.

The ratio of intermediate goods in total imports was 77.3% in February 2023

In February 2023, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 77.3%,11.5%,11.0%, respectively.

In January-February 2023 period, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 78.8%,11.2%,9.8%, respectively.

Foreign trade by sectors, February 2023

The main partner for exports was Germany in February 2023

In February 2023, the main partner country for exports was Germany with 1 billion 697 million dollars. The country was followed by Italy with 1 billion 119 million dollars, USA with 1 billion 86 million dollars, Russia with 1 billion 13 million dollars and United Kingdom with 851 million dollars. The ratio of the first five countries in total exports was 30.9% in February 2023.

In January-February 2023 period, the main partner country for exports was Germany with 3 billion 523 million dollars. The country was followed by USA with 2 billion 269 million dollars, Russia with 2 billion 55 million dollars, Italy with 2 billion 34 million dollars, and United Kingdom with 1 billion 804 million dollars. The ratio of the first five countries in total exports was 30.8% in January-February 2023.

The main partner for imports was Russia in February 2023

In February 2023, the top country for Türkiye’s imports was Russia with 4 billion 214 million dollars. The country was followed by Switzerland with 3 billion 526 million dollars, China with 3 billion 103 million dollars, Germany with 2 billion 80 million dollars, Italy with 1 billion 163 million dollars. The ratio of first five countries in total imports was 45.9% in February 2023.

In January-February 2023 period, the top country for Türkiye’s imports was Russia with 9 billion 216 million dollars. The country was followed by Switzerland with 7 billion 863 million dollars, China with 6 billion 660 million dollars, Germany with 3 billion 888 million dollars, USA with 2 billion 296 million dollars. The ratio of first five countries in total imports was 46.5% in January-February 2023.

      Exports by countries, February 2023                                         Imports by countries, February 2023

Seasonally and calendar adjusted exports decreased by 8.1%

The methodological application of the seasonal and calendar adjustment of the economic data was made because of the earthquake disaster. In the ‘Metadata’ section, the model table under the ‘Seasonal Adjustment’ heading contains details regarding the methodological application.

In February 2023, seasonally and calendar adjusted exports and imports decreased by 8.1%, 8.5% respectively compared with previous month. In February 2023, while calendar adjusted exports decreased by 6.4%, imports increased by 10.2% compared with February 2022.

Ratio of exports of high-tech products in manufacturing industries was 3.6%

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 94.4% in February 2023. The ratio of high-technology products in manufacturing industries exports was 3.6%. The ratio of manufacturing industries products in total exports was 94.0% in January-February 2023. In January-February 2023 period, the ratio of high-technology products in manufacturing industries exports was 3.3%.

The ratio of manufacturing industries products in total imports was 77.1%. The ratio of high-technology products in  manufacturing industries’ imports was 9.9% in February 2023. The ratio of manufacturing industries’ products in total imports was 75.2% in January-February 2023. The ratio of high-technology products in manufacturing industries’ imports was 9.9% in January-February  2023.

Foreign trade by manufacturing industries based on technology intensity, February 2023

According to the special trade system, exports were 17 billion 58 million dollars in February 2023

According to the special trade system, in February 2023, exports were 17 billion 58 million dollars with a 9.0% decrease and imports were 28 billion 905 million dollars with a 9.2% increase compared with February 2022.

In February 2023 foreign trade deficit was 11 billion 847 million dollars with a 53.4% increase compared with February 2022.

Exports coverage imports was 59.0%, while it was 70.8% in February 2022.

Exports were 34 billion 584 million dollars in January-February 2023

According to the special trade system, exports were 34 billion 584 million dollars with a 2.3% decrease and imports were 60 billion 747 million dollars with a 14.0% increase compared with January-February 2022.

In January-February 2023 period, foreign trade deficit was 26 billion 163 million dollars with a 46.2% increase compared with January-February 2022.

Exports coverage imports was 56.9%, while it was 66.4% in January-February 2022.

Foreign trade by special trade system, February 2023

The next release on this subject will be on April 28, 2023.
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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.