foreign trade deficit – Muhasebe News https://www.muhasebenews.com Muhasebe News Fri, 10 Mar 2023 14:35:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.5 France’s Trade Gap Closes to EUR 12.9 Billion https://www.muhasebenews.com/en/frances-trade-gap-closes-to-eur-12-9-billion/ https://www.muhasebenews.com/en/frances-trade-gap-closes-to-eur-12-9-billion/#respond Mon, 13 Mar 2023 06:10:14 +0000 https://www.muhasebenews.com/?p=139883 According to statistics from the customs office, France’s foreign trade deficit decreased at the beginning of the year as imports declined more quickly than exports.

From EUR 14.7 billion in December, the trade gap decreased to EUR 12.9 billion in January.

The deficit in the comparable month of 2022 was EUR 8.6 billion.

Imports fell by 4.5 percent from the previous month, while exports fell by 2.2 percent.

Exports in January increased 9.8 percent year over year. Imports experienced a quicker growth of 15.7% at the same period.

Source: RTT News
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/frances-trade-gap-closes-to-eur-12-9-billion/feed/ 0 Foreign Trade Statistics of Turkey, April 2017 https://www.muhasebenews.com/en/foreign-trade-statistics-of-turkey-april-2017/ https://www.muhasebenews.com/en/foreign-trade-statistics-of-turkey-april-2017/#respond Mon, 05 Jun 2017 06:50:17 +0000 https://www.muhasebenews.com/?p=17120 Exports and imports increased by 7.4% and 9.9%, respectively
According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Customs and Trade, in April 2017; exports were 12 billion 839 million dollars with a 7.4%  increase and imports were 17 billion 784 million dollars  with a 9.9%  increase  compared with April 2016.

Foreign trade deficit increased by 16.7%  
In April 2017 foreign trade deficit was 4 billion 945 million dollars with a 16.7% increase compared with April 2016.

In April 2017, exports coverage imports was 72.2% while it was 73.8% in April 2016.

Seasonally and calendar adjusted exports  decreased by 2.7%
Seasonally and calendar adjusted exports  decreased by 2.7% while imports increased 1.6% compared with previous month. Calendar adjusted exports and imports increased by 10.5% and 13.2%, respectively compared with April 2016.
Exports to the European Union  increased by 2.2%
As compared with the same month of the previous year, exports to the EU-28  increased by 2.2% from 5 billion 652 million dollars to 5 billion 779 million dollars. The proportion of the EU countries was 45% in April 2017 while it was 47.3% in April 2016.

The main partner for exports was Germany
In April 2017, the main partner country for exports was Germany with 1 billion 140 million dollars. The country was followed by UAE with 1 billion 21 million dollars, Iraq with 857 million dollars and the United Kingdom with 737 million dollars.

The top country for imports was China
In April 2017, the top country for Turkey’s imports was China with 1 billion 647 million dollars. The country was followed by Germany with 1 billion 629 million dollars, Russia with 1 billion 495 million dollars and USA with 980 million dollars.
Ratio of exports of high-tech products in manufacturing industries was 3.1%
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 94.1% in April. The ratio of high-technology products in manufacturing industries was 3.1%. 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 15.1% 
The ratio of manufacturing industries’ products in total imports was 80.5%. The ratio of high-technology products in manufacturing industries’ products was 15.1% in April 2017. The ratio of medium-high-technology products in manufacturing industries’ products was 42.8%.

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/foreign-trade-statistics-of-turkey-april-2017/feed/ 0 Foreign Trade Statistics of Turkey, March 2017 https://www.muhasebenews.com/en/foreign-trade-statistics-of-turkey-march-2017/ https://www.muhasebenews.com/en/foreign-trade-statistics-of-turkey-march-2017/#respond Fri, 28 Apr 2017 07:45:05 +0000 https://www.muhasebenews.com/?p=14770 Exports and imports increased by 13.6% and 6.9%, respectively
According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Customs and Trade, in March 2017; exports were 14 billion 496 million dollars with a 13.6%  increase and imports were 18 billion 988 million dollars  with a 6.9%  increase  compared with March 2016.

Foreign trade deficit decreased by 10.3%  
In March 2017 foreign trade deficit was 4 billion 492 million dollars with a 10.3% decrease compared with March 2016.

In March 2017, exports coverage imports was 76.3% while it was 71.8% in March 2016.

Seasonally and calendar adjusted exports  increased by 3.7%
Seasonally and calendar adjusted exports and imports increased by 3.7% and 2.2%, respectively compared with previous month. Calendar adjusted exports and imports increased by 13.5% and 7.1%, respectively compared with March 2016.
Exports to the European Union  increased by 8.1%
As compared with the same month of the previous year, exports to the EU-28  increased by 8.1% from 6 billion 267 million dollars to 6 billion 775 million dollars. The proportion of the EU countries was 46.7% in March 2017 while it was 49.1% in March 2016.

The main partner for exports was Germany
In March 2017, the main partner country for exports was Germany with 1 billion 321 million dollars. The country was followed by UAE with 1 billion 28 million dollars, Iraq with 906 million dollars and the United Kingdom with 874 million dollars.

The top country for imports was Germany
In March 2017, the top country for Turkey’s imports was Germany with 1 billion 783 million dollars. The country was followed by China with 1 billion 770 million dollars, Russia with 1 billion 599 million dollars and the USA with 952 million dollars.

Ratio of exports of high-tech products in manufacturing industries was 3.1%
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 94.4% in March. The ratio of high-technology products in manufacturing industries was 3.1%. The ratio of medium-high-technology products in manufacturing industries’ products was 33.9%.

Ratio of imports of high-tech products in manufacturing industries was 13.9% 
The ratio of manufacturing industries’ products in total imports was 81%. The ratio of high-technology products in manufacturing industries’ products was 13.9% in March 2017. The ratio of medium-high-technology products in manufacturing industries’ products was 42.2%.


Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/foreign-trade-statistics-of-turkey-march-2017/feed/ 0 What is the Foreign Trade Deficit of Turkey in 2016? https://www.muhasebenews.com/en/what-is-the-foreign-trade-deficit-of-turkey-in-2016/ https://www.muhasebenews.com/en/what-is-the-foreign-trade-deficit-of-turkey-in-2016/#respond Wed, 26 Apr 2017 13:41:02 +0000 https://www.muhasebenews.com/?p=14607 1- WHAT IS THE AMOUNT OF EXPORT OF TURKEY?
1.1- By 2016, the total amount of export of Turkey was 142 Billion 606 Million USD.
1.2- By 2015, the total amount of export of Turkey was 143 Billion 838 Million USD.
1.3- The decrease in export was 1 Billion 232 Million USD between 2015 and 2016.

2- WHAT IS THE AMOUNT OF IMPORT OF TURKEY IN 2016?
2.1- By 2016, the total amount of import was 198 Billion 601 Million USD.
2.2- By 2015, the total amount of import was 207 Billion 234 Million USD.
2.3- Import reduction between 2015 and 2016 was 8 Billion 633 Million USD.

3- WHAT IS THE DIFFERENCE BETWEEN IMPORT AND EXPORT OF TURKEY IN 2016?
3.1- By 2016, the difference between import and export was 55 Billion 995 Million USD in Turkey.
3.2- The difference called balance of foreign trade was 63 Billion 395 Million USD in 2015.
3.3- Foreign trade deficit between 2015 and 2016 was 119 Billion 390 Million USD.

4- WHAT IS THE DIFFERENCE OF IMPORT AND EXPORT BETWEEN 2007 and 2016 OF TURKEY?
4.1- The total amount of export between 2007 and 2016 was 1 Trillion 338 Billion 551 Million USD in Turkey.
4.2- The total amount of import at the same period was 2 Trillion 075 Billion 560 Million USD.
4.3- Foreign trade deficit at the same period was 737 Billion 009 Million USD.
4.4- ARITHMETIC AVERAGE within 10 Years

         EXPORT        : 133 Billion USD/Yearly
IMPORT        : 207 Billion USD/Yearly
DEFICIT        :   74 Billion USD/Yearly

Source: Turkish Statistical Institute

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/what-is-the-foreign-trade-deficit-of-turkey-in-2016/feed/ 0 Turkey’s Export Figures in March 2017 https://www.muhasebenews.com/en/turkeys-export-figures-in-march-2017/ https://www.muhasebenews.com/en/turkeys-export-figures-in-march-2017/#respond Thu, 13 Apr 2017 12:52:00 +0000 https://www.muhasebenews.com/?p=13560 Turkish Exporters’ Assembly (TIM) has recently announced the export figures of March 2017. According to TIM data, Turkey’s exports increased by 19% in March, reaching 13.6 billion USD. Minister of Economy, Nihat Zeybekci, stated that this is the highest monthly export number in the last 36 months.

He also noted that the first quarter of 2017 also showed 9.2% increase in exports compared to the same period last year. He added that the foreign trade deficit decreased by 10% in April.

According to TIM data, top performing industries in March were Automotive, Sea Vessels and Jewelry with 32.5%, 87.3% and 75.4% increases respectively. In the first three month, automotive exports increased by almost 1.5 billion dollars, while steel increased by 874 million dollars and chemicals by 788 million dollars.

In March, exports to the Far East increased considerably, by 91%. Exports to EU-28 also continued its steady growth with a 20% increase with the largest increases in Malta and Portugal with 95.9% and

92.1% respectively. In addition to these countries, exports to Russia increased by 45.3% in March and by 40.3% in the first quarter.

Source: Ministry of Economy

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/turkeys-export-figures-in-march-2017/feed/ 0 Foreign Trade Statistics in Turkey, February 2017 https://www.muhasebenews.com/en/foreign-trade-statistics-in-turkey-february-2017/ https://www.muhasebenews.com/en/foreign-trade-statistics-in-turkey-february-2017/#respond Tue, 04 Apr 2017 13:49:30 +0000 https://www.muhasebenews.com/?p=12827 Exports  decreased by 1.9%  while imports increased by 1.6%
According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Customs and Trade, in February 2017; exports were 12 billion 127 million dollars with a 1.9% decrease and imports were 15 billion 820 million dollars  with a 1.6%  increase  compared with February 2016.

Foreign trade deficit increased by 15%
In February 2017 foreign trade deficit was 3 billion 693 million dollars with a 15% increase compared with February 2016.

In February 2017, exports coverage imports was 76.7% while it was 79.4% in February 2016.

Seasonally and calendar adjusted exports  increased by 1.8%
Seasonally and calendar adjusted exports and imports increased by 1.8% and 1.7%, respectively compared with previous month. Calendar adjusted exports and imports increased by 0.7% and 5.5%, respectively compared with February 2016.
Exports to the European Union decreased by 3.2%
As compared with the same month of the previous year, exports to the EU-28  decreased by 3.2% from 5 billion 723 million dollars to 5 billion 539 million dollars. The proportion of the EU countries was 45.7% in February 2017 while it was 46.3% in February 2016.

The main partner for exports was Germany
In February 2017, the main partner country for exports was Germany with 1 billion 119 million dollars. The country was followed by UAE with 938 million dollars, Iraq with 725 million dollars and the United Kingdom with 702 million dollars.

The top country for imports was China
In February 2017, the top country for Turkey’s imports was China with 1 billion 643 million dollars. The country was followed by Germany with 1 billion 439 million dollars, Russia with 1 billion 304 million dollars and France with 767 million dollars.

Ratio of exports of high-tech products in manufacturing industries was 3%
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 93.9% in February. The ratio of high-technology products in manufacturing industries was 3%. The ratio of medium-high-technology products in manufacturing industries’ products was 33.4%.

Ratio of imports of high-tech products in manufacturing industries was 16.1%
The ratio of manufacturing industries’ products in total imports was 80%. The ratio of high-technology products in  manufacturing industries’ products was 16.1% in February 2017. The ratio of medium-high-technology products in manufacturing industries’ products was 42.5%.


Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/foreign-trade-statistics-in-turkey-february-2017/feed/ 0 Foreign Trade Statistics in Turkey, January 2017 https://www.muhasebenews.com/en/foreign-trade-statistics-in-turkey-january-2017/ https://www.muhasebenews.com/en/foreign-trade-statistics-in-turkey-january-2017/#respond Wed, 29 Mar 2017 11:49:17 +0000 https://www.muhasebenews.com/?p=12269 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%.

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/foreign-trade-statistics-in-turkey-january-2017/feed/ 0