Turkey’s exports rise by 20.1% in October

According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in October 2021; exports were 20 billion 792 million dollars with a 20.1% increase and imports were 22 billion 230 million dollars with a 12.8% increase compared with October 2020.

Exports and imports increased by 33.9%, 22.5% respectively in January-October 2021

In January-October 2021 period, exports were 181 billion 673 million dollars with a 33.9% increase and imports were 215 billion 533 million dollars with a 22.5% increase compared with January-October 2020.

Energy products and non-monetary gold excluded exports and imports increased by 19.8%, 5.9% respectively in October

Exports, excluding energy products and non-monetary gold, were 19 billion 659 million dollars with a 19.8% increase in October 2021. Imports, excluding energy products and non-monetary gold, were 16 billion 533 million dollars with a 5.9% increase in October 2021.

Foreign trade surplus, excluding energy products and non-monetary gold, was 3 billion 126 million dollars in October 2021.

Foreign trade volume was 36 billion 193 million dollars with a 13.0% increase. Energy products and non-monetary gold excluded export coverage imports was 118.9%.

The foreign trade deficit decreased by 40.1% in October 2021

In October 2021 foreign trade deficit was 1 billion 438 million dollars with a 40.1% decrease compared with October 2020. In October 2021, exports coverage imports was 93.5%, while it was 87.8% in October 2020.

The foreign trade deficit decreased by 15.9% in January-October 2021

In January-October 2021 period, foreign trade deficit was 33 billion 860 million dollars with a 15.9% decrease compared with January-October 2020. In the same period, exports coverage imports was 84.3% while it was 77.1% in January-October 2020.

The ratio of manufacturing industries products in total exports was 95.0% in October 2021

In October 2021, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 95.0%, 3.1%, 1.5%, respectively.

In January-October 2021 period, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.6%, 3.0%, 1.8%, respectively.

The ratio of intermediate goods in total imports was 79.4% in October 2021

In October 2021, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 79.4%,12.0%, 8.6%, respectively.

In January-October 2021 period, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 76.9%,13.4%,9.5%, respectively.

The main partner for exports was Germany in October 2021

In October 2021, the main partner country for exports was Germany with 1 billion 692 million dollars. The country was followed by USA with 1 billion 306 million dollars, United Kingdom with 1 billion 223 million dollars, Iraq with 1 billion 131 million dollars, and Italy with 1 billion 104 million dollars. The ratio of the first five countries in total exports was 31.1% in October 2021.

In January-October 2021 period, the main partner country for exports was Germany with 15 billion 789 million dollars. The country was followed by USA with 11 billion 836 million dollars, the United Kingdom with 10 billion 895 million dollars, Italy with 9 billion 202 million dollars and Iraq with 8 billion 757 million dollars. The ratio of the first five countries in total exports was 31.1% in January-October 2021.

The main partner for imports was China in October 2021

In October 2021, the top country for Turkey's imports was China with 2 billion 525 million dollars. The country was followed by Russia with 2 billion 434 million dollars, Germany with 1 billion 509 million dollars, USA with 1 billion 58 million dollars and Italy with 945 million dollars. The ratio of first five countries in total imports was 38.1% in October 2021.

In January-October 2021 period, the top country for Turkey's imports was China with 26 billion 61 million dollars. The country was followed by Russia with 22 billion 611 million dollars, Germany with 17 billion 876 million dollars, USA with 10 billion 515 million dollars, Italy with 9 billion 306 million dollars. The ratio of first five countries in total imports was 40.1% in January-October 2021.

Seasonally and calendar adjusted exports increased by 2.2%

In October 2021, seasonally and calendar adjusted exports and imports increased by 2.2%, 1.3% respectively compared with previous month. In October 2021, calendar adjusted exports and imports increased by 24.3%, 15.9% respectively compared with October 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 95.0% in October 2021. The ratio of high-technology products in manufacturing industries exports was 2.7%. The ratio of manufacturing industries products in total exports was 94.6% in January-October 2021.In January-October 2021 period, the ratio of high-technology products in manufacturing industries exports was 2.9%.

The ratio of manufacturing industries' products in total imports was 72.6%. The ratio of high-technology products in manufacturing industries' imports was 11.8% in October 2021. The ratio of manufacturing industries' products in total imports was 77.3% in January-October 2021. The ratio of high-technology products in manufacturing industries' imports was 12.7% in January-October 2021.

According to the special trade system, exports were 19 billion 831 million dollars in October 2021

According to the special trade system, in October 2021, exports were 19 billion 831 million dollars with a 20.7% increase and imports were 21 billion 599 million dollars with a 15.3% increase compared with October 2020.

In October 2021 foreign trade deficit was 1 billion 769 million dollars with a 23.4% decrease compared with October 2020.

Exports coverage imports was 91.8%, while it was 87.7% in October 2020.

Exports were 172 billion 303 million dollars in January-October 2021

According to the special trade system, exports were 172 billion 303 million dollars with a 34.2% increase and imports were 207 billion 342 million dollars with a 23.0% increase compared with January-October 2020.

In January-October 2021 period, foreign trade deficit was 35 billion 39 million dollars with a 12.8% decrease compared with January-October 2020.

Exports coverage imports was 83.1%, while it was 76.2% in January-October 2020. (ILKHA)