Turkey’s exports rise by 65.7% in May

According to the statement data, in May 2021; exports were 16 billion 498 million dollars with a 65.7% increase and imports were 20 billion 627 million dollars with a 54.0% increase compared with May 2020.

Exports and imports increased by 38.3%, 25.2% in January-May 2021

In January-May 2021 period, exports were 85 billion 209 million dollars with a 38.3% increase and imports were 103 billion 485 million dollars with a 25.2% increase compared with January-May 2020.

Energy products and non-monetary gold excluded exports and imports increased by 68.6%, 61.7% respectively in May

Exports, excluding energy products and non-monetary gold, were 15 billion 519 million dollars with a 68.6% increase in May 2021. Imports, excluding energy products and non-monetary gold, were 17 billion 342 million dollars with a 61.7% increase in May 2021.

The foreign trade deficit, excluding energy products and non-monetary gold, was 1 billion 823 million dollars in May 2021.

Foreign trade volume was 32 billion 861 million dollars with a 64.9% increase. Energy products and non-monetary gold excluded export coverage imports was 89.5%.

The foreign trade deficit increased by 20.2% in May 2021

In May 2021 foreign trade deficit was 4 billion 129 million dollars with a 20.2% increase compared with May 2020. In May 2021, exports coverage imports was 80.0%, while it was 74.3% in May 2020.

The foreign trade deficit decreased by 13.1% in January-May 2021

In January-May 2021 period, the foreign trade deficit was 18 billion 277 million dollars with a 13.1% decrease compared with January-May 2020. In the same period, exports coverage imports was 82.3% while it was 74.5% in January-May 2020.

The ratio of manufacturing industries products in total exports was 94.1% in May 2021

In May 2021, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining, and quarrying in total exports were 94.1%, 3.0%, 2.5%, respectively.

 In January-May 2021 period, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.3%, 3.3%, 1.9%, respectively.

The ratio of intermediate goods in total imports was 76.7% in May 2021

In May 2021, according to the BEC classification, the ratios of intermediate goods, capital goods, and consumption goods in total imports were 76.7%,13.9%, 9.3%, respectively.

In January-May 2021 period, according to the BEC classification, the ratios of intermediate goods, capital goods, and consumption goods in total imports were 75.8%,13.9%,10.2%, respectively.

The main partner for exports was Germany in May 2021

In May 2021, the main partner country for exports was Germany with 1 billion 408 million dollars. The country was followed by the USA with 1 billion 152 million dollars, the United Kingdom with 1 billion 106 million dollars, Italy with 835 million dollars, and Spain with 715 million dollars. The ratio of the first five countries in total exports was 31.6% in May 2021.

 In January-May 2021 period, the main partner country for exports was Germany with 7 billion 683 million dollars. The country was followed by the USA with 5 billion 427 million dollars, the United Kingdom with 4 billion 983 million dollars, Italy with 4 billion 397 million dollars and Iraq with 3 billion 981 million dollars. The ratio of the first five countries in total exports was 31.1% in January-May 2021.

The main partner for imports was China in May 2021

 In May 2021, the top country for Turkey's imports was China with 2 billion 633 million dollars. The country was followed by Russia with 2 billion 62 million dollars, Germany with 1 billion 783 million dollars, USA with 951 million dollars and Italy with 933 million dollars. The ratio of first five countries in total imports was 40.5% in May 2021.

 In January-May 2021 period, the top country for Turkey's imports was China with 12 billion 286 million dollars. The country was followed by Russia with 10 billion 312 million dollars, Germany with 9 billion 354 million dollars, USA with 4 billion 700 million dollars, Italy with 4 billion 575 million dollars. The ratio of first five countries in total imports was 39.8% in January-May 2021.

Seasonally and calendar adjusted exports increased by 2.0%

In May 2021, while seasonally and calendar adjusted exports and imports increased by 2.0%, 2.3% respectively compared with previous month. In May 2021, calendar-adjusted exports and imports increased by 63.7%, 51.6% respectively compared with May 2020.

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.4. According to the ISIC Rev.4, the ratio of manufacturing industries products in total exports was 94.1% in May 2021. The ratio of high-technology products in manufacturing industries exports was 2.7%. The ratio of manufacturing industries products in total exports was 94.3% in January-May 2021. In January-May 2021 period, the ratio of high-technology products in manufacturing industries exports was 3.1%.

 The ratio of manufacturing industries' products in total imports was 78.4%. The ratio of high-technology products in manufacturing industries' imports was 11.4% in May 2021. The ratio of manufacturing industries' products in total imports was 78.8% in January-May 2021. The ratio of high-technology products in manufacturing industries' imports was 12.7% in January-May 2021.

According to the special trade system, exports were 15 billion 652 million dollars in May 2021

According to the special trade system, in May 2021, exports were 15 billion 652 million dollars with a 66.1% increase and imports were 19 billion 317 million dollars with a 51.2% increase compared with May 2020.

In May 2021 foreign trade deficit was 3 billion 665 million dollars with a 9.4% increase compared with May 2020.

Exports coverage imports was 81.0%, while it was 73.8% in May 2020.

Exports were 80 billion 771 million dollars in January-May 2021

According to the special trade system, exports were 80 billion 771 million dollars with a 38.8% increase and imports were 99 billion 364 million dollars with a 26.2% increase compared with January-May 2020.

In January-May 2021 period, foreign trade deficit was 18 billion 593 million dollars with a 9.5% decrease compared with January-May 2020.

Exports coverage imports was 81.3%, while it was 73.9% in January-May 2020. (ILKHA)