According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in August 2020; exports were 12 billion 464 million dollars with a 5.7% decrease and imports were 18 billion 742 million dollars with a 20.4% increase compared with August 2019.
Exports and imports decreased by 12.9% and 1.2% respectively in January-August 2020
In January-August 2020 period, exports were 102 billion 343 million dollars with 12.9% decrease and imports were 135 billion 347 million dollars with 1.2% decrease compared with January-August 2019.
Energy products and non-monetary gold excluded exports decreased by 1.8%, imports increased by 9.2% in August
Exports, excluding energy products and non-monetary gold, were 11 billion 845 million dollars with a 1.8% decrease in August 2020.
Imports, excluding energy products and non-monetary gold, were 12 billion 520 million dollars with a 9.2% increase in August 2020.
Foreign trade deficit, excluding energy products and non-monetary gold, was 675 million dollars in August 2020. Foreign trade volume was 24 billion 365 million dollars with a increase 3.5%. Energy products and non-monetary gold excluded export coverage imports was 94.6%.
The foreign trade deficit increased by 168.2% in August 2020
In August 2020 foreign trade deficit was 6 billion 278 million dollars with a 168.2% increase compared with August 2019. In August 2020, exports coverage imports was 66.5%, while it was 85.0% in August 2019.
The foreign trade deficit increased by 69.9% in January-August 2020
In January-August 2020 period, foreign trade deficit was 33 billion 4 million dollars with a 69.9% increase compared with January-August 2019. In the same period, exports coverage imports was 75.6% while it was 85.8% in January-August 2019.
The ratio of manufacturing industries products in total exports was 94.9% in August 2020
In August 2020, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.9%, 2.8%, 1.8%, respectively.
In January-August 2020 period, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.4%, 3.4%, 1.7%, respectively.
The ratio of intermediate goods in total imports was 77.0% in August 2020
In August 2020, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 77.0%, 13.1%, 9.6%, respectively.
In January-August 2020 period, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 75.4%, 13.8%, 10.5%, respectively.
The main partner for exports was Germany in August 2020
In August 2020, the main partner country for exports was Germany with 1 billion 210 million dollars. The country was followed by United Kingdom with 989 million dollars, USA with 740 million dollars, Iraq with 640 million dollars and Spain with 582 million dollars. The ratio of the first five countries in total exports was 33.4% in August 2020.
In January-August 2020 period, the main partner country for exports was Germany with 9 billion 763 million dollars. The country was followed by the United Kingdom with 6 billion 406 million dollars, USA with 6 billion 295 million dollars, Iraq with 5 billion 445 million dollars and Italy with 4 billion 727 million dollars. The ratio of the first five countries in total exports was 31.9% in January-August 2020.
The main partner for imports was China in August 2020
In August 2020, the top country for Turkey's imports was China with 1 billion 931 million dollars. The country was followed by Germany with 1 billion 695 million dollars, Iraq with 1 billion 674 million dollars, Russia with 1 billion 324 million dollars and Switzerland with 1 billion 165 million dollars. The ratio of first five countries in total imports was 41.6% in August 2020.
In January-August 2020 period, the top country for Turkey's imports was China with 14 billion 218 million dollars. The country was followed by Germany with 12 billion 643 million dollars, Russia with 11 billion 288 million dollars, USA with 7 billion 861 million dollars and Iraq with 5 billion 943 million dollars. The ratio of first five countries in total imports was 38.4% in January-August 2020.
Seasonally and calendar adjusted exports decreased by 4.6%
In August 2020, seasonally and calendar adjusted exports decreased by 4.6% imports increased 18.9%, respectively, compared with previous month. In August 2020, while calendar adjusted exports decreased by 9.1%, imports increased by 15.3% compared with August 2019.
Ratio of exports of high-tech products in manufacturing industries was 3.2%
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 94.9% in August 2020. The ratio of high-technology products in manufacturing industries exports was 3.2%. In January-August 2020 period, the ratio of high-technology products in manufacturing industries exports was 3.4%.
The ratio of manufacturing industries' products in total imports was 85.6%. The ratio of high-technology products in manufacturing industries' imports was 10.4% in August 2020. The ratio of manufacturing industries' products in total imports was 81.1% in January-August 2020. The ratio of high-technology products in manufacturing industries' imports was 12.8% in January-August 2020.
According to the special trade system, exports were 11 billion 759 million dollars in August 2020
According to the special trade system, in August 2020, exports were 11 billion 759 million dollars with a 5.9% decrease and imports were 18 billion 145 million dollars with a 20.4% increase compared with August 2019.
In August 2020 foreign trade deficit was 6 billion 386 million dollars with a 147.9% increase compared with August 2019.
Exports coverage imports was 64.8%, while it was 82.9% in August 2019.
Exports were 96 billion 765 million dollars in January-August 2020
According to the special trade system, exports were 96 billion 765 million dollars with a 13.1% decrease and imports were 129 billion 816 million dollars with a 1.6% decrease compared with January-August 2019.
In January-August 2020 period, foreign trade deficit was 33 billion 50 million dollars with a 59.8% increase compared with January-August 2019.
Exports coverage imports was 74.5%, while it was 84.3% in January-August 2019. (ILKHA)