According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in December 2020; exports were 17 billion 850 million dollars with a 16.0% increase and imports were 22 billion 381 million dollars with an 11.6% increase compared with December 2019.
Exports decreased by 6.3% and imports increased by 4.3% in January-December 2020
In January-December 2020 period, exports were 169 billion 482 million dollars with a 6.3% decrease and imports were 219 billion 397 million dollars with a 4.3% increase compared with January-December 2019.
Energy products and non-monetary gold excluded exports and imports increased by 18.5%, 18.3% respectively in December
Exports, excluding energy products and non-monetary gold, were 17 billion 142 million dollars with an 18.5% increase in December 2020. Imports, excluding energy products and non-monetary gold, were 17 billion 523 million dollars with an 18.3% increase in December 2020.
The foreign trade deficit, excluding energy products and non-monetary gold, was 380 million dollars in December 2020.
Foreign trade volume was 34 billion 665 million dollars with an 18.4% increase. Energy products and non-monetary gold excluded export coverage imports was 97.8%.
The foreign trade deficit decreased by 3.0% in December 2020
In December 2020 foreign trade deficit was 4 billion 530 million dollars with a 3.0% increase compared with December 2019. In December 2020, exports coverage imports was 79.8%, while it was 76.7% in December 2019.
The foreign trade deficit increased by 69.1% in January-December 2020
In January-December 2020 period, the foreign trade deficit was 49 billion 915 million dollars with a 69.1% increase compared with January-December 2019. In the same period, exports coverage imports was 77.2% while it was 86.0% in January-December 2019.
The ratio of manufacturing industries products in total exports was 93.2% in December 2020
In December 2020, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining, and quarrying in total exports were 93.2%, 4.3%, 2.0%, respectively.
In January-December 2020 period, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining, and quarrying in total exports were 94.3%, 3.5%, 1.7%, respectively.
The ratio of intermediate goods in total imports was 72.5% in December 2020
In December 2020, according to the BEC classification, the ratios of intermediate goods, capital goods, and consumption goods in total imports were 72.5%, 15.3%, 12.1%, respectively.
In January-December 2020 period, according to the BEC classification, the ratios of intermediate goods, capital goods, and consumption goods in total imports were 74.3%, 14.5%, 11.0%, respectively.
The main partner for exports was Germany in December 2020
In December 2020, the main partner country for exports was Germany with 1 billion 572 million dollars. The country was followed by United Kingdom with 1 billion 111 million dollars, the USA with 1 billion 84 million dollars, Iraq with 976 million dollars, Italy with 849 million dollars. The ratio of the first five countries in total exports was 31.3% in December 2020.
In January-December 2020 period, the main partner country for exports was Germany with 15 billion 975 million dollars. The country was followed by the United Kingdom with 11 billion 237 million dollars, the USA with 10 billion 184 million dollars, Iraq with 9 billion 135 million dollars, and Italy with 8 billion 75 million dollars. The ratio of the first five countries in total exports was 32.2% in January-December 2020.
The main partner for imports was China in December 2020
In December 2020, the top country for Turkey's imports was China with 2 billion 482 million dollars. The country was followed by Germany with 2 billion 393 million dollars, Russia with 1 billion 995 million dollars, Italy with 1 billion 63 million dollars, and the USA with 848 million dollars. The ratio of the first five countries in total imports was 39.2% in December 2020.
In January-December 2020 period, the top country for Turkey's imports was China with 23 billion 20 million dollars. The country was followed by Germany with 21 billion 714 million dollars, Russia with 17 billion 859 million dollars, USA with 11 billion 518 million dollars, and Italy with 9 billion 190 million dollars. The ratio of the first five countries in total imports was 38.0% in January-December 2020.
Seasonally and calendar adjusted exports increased by 8.3%
In December 2020, while seasonally and calendar adjusted exports increased by 8.3%, imports decreased 2.7% compared with the previous month. In December 2020, calendar-adjusted exports and imports increased by 11.6%, 8.5% respectively compared with December 2019.
The ratio of exports of high-tech products in manufacturing industries was 3.8%
Foreign trade by technology intensity covers the manufacturing industries' products in the classification of ISIC Rev.4. According to the ISIC Rev.4, the ratio of manufacturing industries products in total exports was 93.2% in December 2020. The ratio of high-technology products in manufacturing industries exports was 3.8%. In January-December 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 81.6%. The ratio of high-technology products in manufacturing industries' imports was 12.8% in December 2020. The ratio of manufacturing industries' products in total imports was 81.9% in January-December 2020. The ratio of high-technology products in manufacturing industries' imports was 13.0% in January-December 2020. (ILKHA)
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