Foreign Trade Statistics, July 2018
Foreign trade deficit decreased by 32.6%
In July 2018 foreign trade deficit was 5 billion 982 million dollars with a 32.6% decrease compared with July 2017.
In July 2018, exports coverage imports was 70.2% while it was 58.7% in July 2017.
Seasonally and calendar adjusted exports increased by 5.1%
Seasonally and calendar adjusted exports increased by 5.1% while imports decreased by 1.3% compared with previous month. Calendar adjusted exports increased by 10.5% while imports decreased by 9.4% compared with July 2017.
Exports to the European Union increased by 14.7%
As compared with the same month of the previous year, exports to the EU-28 increased by 14.7% from 5 billion 972 million dollars to 6 billion 852 million dollars. The proportion of the EU countries was 48.7% in July 2018 while it was 47.4% in July 2017.
The main partner for exports was Germany
In July 2018, the main partner country for exports was Germany with 1 billion 294 million dollars. The country was followed by the United Kingdom with 1 billion 9 million dollars, USA with 850 million dollars and Italy with 750 million dollars.
The top country for imports was China
In July 2018, the top country for Turkey’s imports was China with 1 billion 975 million dollars. The country was followed by Russia with 1 billion 886 million dollars, Germany with 1 billion 691 million dollars and USA with 1 billion 122 million dollars.
Ratio of exports of high-tech products in manufacturing industries was 2.8%
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 94.9% in July. The ratio of high-technology products in manufacturing industries was 2.8%. The ratio of medium-high-technology products in manufacturing industries’ products was 37.1%.
Ratio of imports of high-tech products in manufacturing industries was 13.5%
The ratio of manufacturing industries’ products in total imports was 78%. The ratio of high-technology products in manufacturing industries’ products was 13.5% in July 2018. The ratio of medium-high-technology products in manufacturing industries’ products was 42.8%.
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Source: TSI
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