Foreign Trade Statistics, January 2020 in Turkey
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 income calculations, foreign trade statistics, which is produced by Turkish Statistical Institute in collaboration with the Ministry of Trade, will be published according to the general trade system in detail from January 2020. In addition, statistics according to the special trade system will be published in the press release and additional tables. Detailed methodological explanation is given in the press release annex.
According to general trade system exports and imports increased by 6.4%, 18.8%, respectively
According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in January 2020; exports were 14 billion 759 million dollars with a 6.4% increase and imports were 19 billion 207 million dollars with a 18.8% increase compared with January 2019.
The foreign trade deficit increased by 94.3%
In January 2020 foreign trade deficit was 4 billion 448 million dollars with a 94.3% increase compared with January 2019. In January 2020, exports coverage imports was 76.8% while it was 85.8% in January 2019.
Export, Import and Balance, January 2020
The ratio of manufacturing industries products in total exports was 94.1% in January 2020
In January 2020, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.1%, 3.9%, 1.7%, respectively.
The ratio of intermediate goods in total imports was 78.1% in January 2020
In January 2020, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 78.1%, 12.0%, 9.4%, respectively.
The main partner for exports was Germany in January 2020
In January 2020, the main partner country for exports was Germany with 1 billion 415 million dollars. The country was followed by Italy with 888 million dollars, the United Kingdom with 869 million dollars, Iraq with 816 million dollars and USA with 746 million dollars. The ratio of total export of the first five countries in total export was 32.1% in January 2020.
The main partner for imports was Russia in January 2020
In January 2020, the top country for Turkey’s imports was Russia with 2 billion 83 million dollars. The country was followed by China with 1 billion 886 million dollars, Germany with 1 billion 349 million dollars, USA with 1 billion 223 million dollars and Iraq with 796 million dollars. The ratio of first five countries in total import was 38.2% in January 2020.
Seasonally and calendar adjusted exports increased by 4.7%
Seasonally and calendar adjusted exports increased by 4.7%, imports increased by 4.5% compared with previous month. Calendar adjusted exports and imports increased by 6.4% and 18.9%, respectively compared with January 2019.
Ratio of exports of high-tech products in manufacturing industries was 3.0%
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 94.1% in January 2020. The ratio of high-technology products in manufacturing industries exports was 3.0%.
The ratio of manufacturing industries’ products in total imports was 75.8%. The ratio of high-technology products in manufacturing industries’ imports was 13.0% in January 2020.
According to special trade system exports were 13 billion 903 million dollars in January 2020.
According to special trade system, in January 2020, exports were 13 billion 903 million dollars with a 5.5% increase and imports were 18 billion 507 million dollars with a 18.1% increase compared with January 2019. Exports coverage imports was 75.1% in January 2020.
The next release on this subject will be on March 31, 2020.
Source: TurkStat
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