According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in July 2020; exports were 15 billion 12 million dollars with a 5.8% decrease and imports were 17 billion 709 million dollars with a 7.9% decrease compared with July 2019.
Exports and imports decreased by 13.7% and 3.9% respectively in January-July 2020
In January-July 2020 period, exports were 90 billion 15 million dollars with 13.7% decrease and imports were 116 billion 605 million dollars with 3.9% decrease compared with January-July 2019.
Energy products and non-monetary gold excluded exports decreased by 2.7% and imports by 10.5% in July
Exports, excluding energy products and non-monetary gold, were 14 billion 562 million dollars with a 2.7% decrease in July 2020. Imports, excluding energy products and non-monetary gold, were 13 billion 348 million dollars with a 10.5% decrease in July 2020.
Foreign trade surplus, excluding energy products and non-monetary gold, was 1 billion 214 million dollars in July 2020.
Foreign trade volume was 29 billion 882 million dollars with a decrease 6.6%. Energy products and non-monetary gold excluded export coverage in imports was 109.1%.
The foreign trade deficit decreased by 18.2% in July 2020
In July 2020 foreign trade deficit was 2 billion 697 million dollars with a 18.2% decrease compared with July 2019. In July 2020, exports coverage imports was 84.8% while it was 82.9% in July 2019.
The foreign trade deficit increased by 55.6% in January-July 2020
In January-July 2020 period, foreign trade deficit was 26 billion 590 million dollars with a 55.6% increase compared with January-July 2019. In the same period, exports coverage imports was 77.2% while it was 85.9% in January-July 2019.
The ratio of manufacturing industries products in total exports was 95.1% in July 2020
In July 2020, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 95.1%, 2.8%, 1.6%, respectively.
In January-July 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%, 3.5%, 1.7%, respectively.
The ratio of intermediate goods in total imports was 72.3% in July 2020
In July 2020, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 72.3%, 15.3%, 12.2%, respectively.
In January-July 2020 period, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 75.2%, 13.9%, 10.6%, respectively.
The main partner for exports was Germany in July 2020
In July 2020, the main partner country for exports was Germany with 1 billion 468 million dollars. The country was followed by United Kingdom with 973 million dollars, USA with 952 million dollars, Iraq with 743 million dollars, and France with 704 million dollars. The ratio of the first five countries in total exports was 32.2% in July 2020.
In January-July 2020 period, the main partner country for exports was Germany with 8 billion 567 million dollars. The country was followed by USA with 5 billion 570 million dollars, the United Kingdom with 5 billion 428 million dollars, Iraq with 4 billion 816 million dollars, Italy with 4 billion 233 million dollars. The ratio of the first five countries in total exports was 31.8% in January-July 2020.
The main partner for imports was China in July 2020
In July 2020, the top country for Turkey's imports was China with 1 billion 912 million dollars. The country was followed by Germany with 1 billion 835 million dollars, Russia with 1 billion 233 million dollars, USA with 970 million dollars, Iraq with 962 million dollars. The ratio of first five countries in total imports was 39.0% in July 2020.
In January-July 2020 period, the top country for Turkey's imports was China with 12 billion 288 million dollars. The country was followed by Germany with 10 billion 948 million dollars, Russia with 9 billion 964 million dollars, USA with 7 billion 32 million dollars and Italy with 4 billion 654 million dollars. The ratio of first five countries in total imports was 38.5% in January-July 2020.
Seasonally and calendar adjusted exports increased by 15.4%
In July 2020, seasonally and calendar adjusted exports and imports increased by 15.4% and 9.7%, respectively, compared with previous month. In July 2020, while calendar adjusted exports remained same, imports decreased by 3.2% compared with July 2019.
Ratio of exports of high-tech products in manufacturing industries was 2.9%
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 95.1% in July 2020. The ratio of high-technology products in manufacturing industries exports was 2.9%. In January-July 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 82.3%. The ratio of high-technology products in manufacturing industries' imports was 12.3% in July 2020. The ratio of manufacturing industries' products in total imports was 80.4% in January-July 2020. The ratio of high-technology products in manufacturing industries' imports was 13.2% in January-July 2020.
According to the special trade system, exports were 14 billion 264 million dollars in July 2020
According to the special trade system, in July 2020, exports were 14 billion 264 million dollars with a 5.7% decrease and imports were 17 billion 140 million dollars with a 6.6% decrease compared with July 2019.
In July 2020 foreign trade deficit was 2 billion 876 million dollars with a 10.7% decrease compared with July 2019.
Exports coverage imports was 83.2% while it was 82.4% in July 2019.
Exports were 85 billion 140 million dollars in January-July 2020
According to the special trade system, exports were 85 billion 140 million dollars with a 13.8% decrease and imports were 111 billion 668 million dollars with a 4.5% decrease compared with January-July 2019.
In January-July 2020 period, foreign trade deficit was 26 billion 528 million dollars with a 46.5% increase compared with January-July 2019.
Exports coverage imports was 76.2% while it was 84.5% in January-July 2019. (ILKHA)
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