Exports and imports increased by 7.7% and 12.7%, respectively
According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Customs and Trade, in March 2018; exports were 15 billion 587 million dollars with a 7.7% increase and imports were 21 billion 442 million dollars with a 12.7% increase compared with March 2017.
Foreign trade deficit increased by 28.8%
In March 2018 foreign trade deficit was 5 billion 855 million dollars with a 28.8% increase compared with March 2017.
In March 2018, exports coverage imports was 72.7% while it was 76.1% in March 2017.
Seasonally and calendar adjusted exports increased by 4%
Seasonally and calendar adjusted exports increased by 4% while imports decreased by 0.1% compared with previous month. Calendar adjusted exports and imports increased by 8.5% and 16.1%, respectively compared with March 2017.
Exports to the European Union increased by 18.2%
As compared with the same month of the previous year, exports to the EU-28 increased by 18.2% from 6 billion 760 million dollars to 7 billion 993 million dollars. The proportion of the EU countries was 51.3% in March 2018 while it was 46.7% in March 2017.
The main partner for exports was Germany
In March 2018, the main partner country for exports was Germany with 1 billion 511 million dollars. The country was followed by the United Kingdom with 1 billion 45 million dollars, Italy with 961 million dollars and Iraq with 738 million dollars.
The top country for imports was Russia
In March 2018, the top country for Turkey’s imports was Russia with 2 billion 147 million dollars. The country was followed by Germany with 2 billion 101 million dollars, China with 2 billion 1 million dollars and the United Kingdom with 1 billion 35 million dollars.
Ratio of exports of high-tech products in manufacturing industries was 3.5%
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 94.6% in March. The ratio of high-technology products in manufacturing industries was 3.5%. The ratio of medium-high-technology products in manufacturing industries’ products was 36.8%.
Ratio of imports of high-tech products in manufacturing industries was 12.5%
The ratio of manufacturing industries’ products in total imports was 81.7%. The ratio of high-technology products in manufacturing industries’ products was 12.5% in March 2018. The ratio of medium-high-technology products in manufacturing industries’ products was 43.2%.
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