Turkey’s exports rise by 24.9% in December

According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in December 2021; exports were 22 billion 278 million dollars with a 24.9% increase and imports were 29 billion 70 million dollars with a 29.9% increase compared with December 2020.

Exports and imports increased by 32.8%, 23.6% respectively in January-December 2021

In January-December 2021 period, exports were 225 billion 291 million dollars with a 32.8% increase and imports were 271 billion 424 million dollars with a 23.6% increase compared with January-December 2020.

Energy products and non-monetary gold excluded exports and imports increased by 22.2%, 23.2% respectively in December

Exports, excluding energy products and non-monetary gold, were 20 billion 925 million dollars with a 22.2% increase in December 2021. Imports, excluding energy products and non-monetary gold, were 21 billion 596 million dollars with a 23.2% increase in December 2021.

Foreign trade deficit, excluding energy products and non-monetary gold, was 671 million dollars in December 2021.

Foreign trade volume was 42 billion 521 million dollars with a 22.7% increase. Energy products and non-monetary gold excluded export coverage imports was 96.9%.

The foreign trade deficit increased by 49.3% in December 2021

In December 2021 foreign trade deficit was 6 billion 792 million dollars with a 49.3% increase compared with December 2020. In December 2021, exports coverage imports was 76.6%, while it was 79.7% in December 2020.

The foreign trade deficit decreased by 7.5% in January-December 2021

In January-December 2021 period, foreign trade deficit was 46 billion 133 million dollars with a 7.5% decrease compared with January-December 2020. In the same period, exports coverage imports was 83.0% while it was 77.3% in January-December 2020.

The ratio of manufacturing industries products in total exports was 93.9% in December 2021

In December 2021, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 93.9%, 4.0%, 1.5%, respectively.

In January-December 2021 period, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.5%, 3.2%, 1.8%, respectively.

The ratio of intermediate goods in total imports was 79.3% in December 2021

In December 2021, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 79.3%,13.1%, 7.4%, respectively.

In January-December 2021 period, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 77.4%,13.2%,9.2%, respectively.

The main partner for exports was Germany in December 2021

In December 2021, the main partner country for exports was Germany with 1 billion 781 million dollars. The country was followed by USA with 1 billion 520 million dollars, United Kingdom with 1 billion 336 million dollars, Iraq with 1 billion 169 million dollars and Italy with 1 billion 157 million dollars. The ratio of the first five countries in total exports was 32.2% in December 2021.

In January-December 2021 period, the main partner country for exports was Germany with 19 billion 321 million dollars. The country was followed by USA with 14 billion 722 million dollars, the United Kingdom with 13 billion 704 million dollars, Italy with 11 billion 475 million dollars and Iraq with 11 billion 133 million dollars. The ratio of the first five countries in total exports was 31.2% in January-December 2021.

The main partner for imports was Russia in December 2021

In December 2021, the top country for Turkey's imports was Russia with 3 billion 390 million dollars. The country was followed by China with 3 billion 156 million dollars, Germany with 2 billion 17 million dollars, USA with 1 billion 452 million dollars and Italy with 1 billion 133 million dollars. The ratio of first five countries in total imports was 38.3% in December 2021.

In January-December 2021 period, the top country for Turkey's imports was China with 32 billion 240 million dollars. The country was followed by Russia with 28 billion 959 million dollars, Germany with 21 billion 757 million dollars, USA with 13 billion 151 million dollars, Italy with 11 billion 562 million dollars. The ratio of first five countries in total imports was 39.7% in January-December 2021.

Seasonally and calendar adjusted exports increased by 3.8%

In December 2021, seasonally and calendar adjusted exports and imports increased by 3.8%, 3.6% respectively compared with previous month. In December 2021, calendar adjusted exports and imports increased by 25.3%, 30.1% respectively compared with December 2020.

Ratio of exports of high-tech products in manufacturing industries was 3.6%

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 93.9% in December 2021. The ratio of high-technology products in manufacturing industries exports was 3.6%. The ratio of manufacturing industries products in total exports was 94.5% in January-December 2021.In January-December 2021 period, the ratio of high-technology products in manufacturing industries exports was 3.0%.

The ratio of manufacturing industries' products in total imports was 69.2%. The ratio of high-technology products in manufacturing industries' imports was 11.5% in December 2021. The ratio of manufacturing industries' products in total imports was 75.9% in January-December 2021. The ratio of high-technology products in manufacturing industries' imports was 12.4% in January-December 2021.

According to the special trade system, exports were 21 billion 171 million dollars in December 2021

According to the special trade system, in December 2021, exports were 21 billion 171 million dollars with a 25.2% increase and imports were 27 billion 420 million dollars with a 30.3% increase compared with December 2020.

In December 2021 foreign trade deficit was 6 billion 249 million dollars with a 51.4% increase compared with December 2020.

Exports coverage imports was 77.2%, while it was 80.4% in December 2020.

Exports were 213 billion 676 million dollars in January-December 2021

According to the special trade system, exports were 213 billion 676 million dollars with a 33.0% increase and imports were 260 billion 679 million dollars with a 24.4% increase compared with January-December 2020.

In January-December 2021 period, the foreign trade deficit was 47 billion 4 million dollars with a 3.8% decrease compared with January-December 2020.

Exports coverage imports was 82.0%, while it was 76.7% in January-December 2020. (ILKHA)