Exports and imports increased by 18.1% and 15.9%, respectively
According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Customs and Trade, in January 2017; exports were 11 billion 278 million dollars with a 18.1% increase and imports were 15 billion 586 million dollars with a 15.9% increase compared with January 2016.
Foreign trade deficit increased by 10.3%
In January 2017 foreign trade deficit was 4 billion 309 million dollars with a 10.3% increase compared with January 2016.
In January 2017, exports coverage imports was 72.4% while it was 71% in January 2016.
Seasonally and calendar adjusted exports increased by 4.5%
Seasonally and calendar adjusted exports and imports increased by 4.5% and 0.6%, respectively compared with previous month. Calendar adjusted exports and imports increased by 17% and 9%, respectively compared with January 2016.
Exports to the European Union increased by 12%
As compared with the same month of the previous year, exports to the EU-28 increased by 12% from 4 billion 734 million dollars to 5 billion 302 million dollars. The proportion of the EU countries was 47% in January 2017 while it was 49.6% in January 2016.
The main partner for exports was Germany
In January 2017, the main partner country for exports was Germany with 1 billion 122 million dollars. The country was followed by Iraq with 684 million dollars, the United Kingdom with 676 million dollars and United Arab Emirates with 655 million dollars.
The top country for imports was China
In January 2017, the top country for Turkey’s imports was China with 1 billion 851 million dollars. The country was followed by Russia with 1 billion 480 million dollars, Germany with 1 billion 187 million dollars and the United States of America with 734 million dollars.
Ratio of exports of high-tech products in manufacturing industries was 2.7%
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 92.9% in January. The ratio of high-technology products in manufacturing industries was 2.7%. The ratio of medium-high-technology products in manufacturing industries’ products was 33.6%.
Ratio of imports of high-tech products in manufacturing industries was 15.8%
The ratio of manufacturing industries’ products in total imports was 77.5%. The ratio of high-technology products in manufacturing industries’ products was 15.8% in January 2017. The ratio of medium-high-technology products in manufacturing industries’ products was 42.2%.
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