Turkey’s exports rise by 17.2% in January

According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in January 2022; exports were 17 billion 587 million dollars with a 17.2% increase and imports were 27 billion 848 million dollars with a 54.2% increase compared with January 2021.

Energy products and non-monetary gold excluded exports and imports increased by 19.6%, 31.1% respectively in January

Exports, excluding energy products and non-monetary gold, were 16 billion 751 million dollars with a 19.6% increase in January 2022. Imports, excluding energy products and non-monetary gold, were 18 billion 413 million dollars with a 31.1% increase in January 2022.

Foreign trade deficit, excluding energy products and non-monetary gold, was 1 billion 662 million dollars in January 2022.

Foreign trade volume was 35 billion 164 million dollars with a 25.4% increase. Energy products and non-monetary gold excluded export coverage imports was 91.0%.

The foreign trade deficit increased by 234.9% in January 2022

In January 2022 foreign trade deficit was 10 billion 261 million dollars with a 234.9% increase compared with January 2021. In January 2022, exports coverage imports was 63.2%, while it was 83.0% in January 2021.

The ratio of manufacturing industries products in total exports was 93.3% in January 2022

In January 2022, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 93.3%, 4.1%, 2.1%, respectively.

The ratio of intermediate goods in total imports was 83.9% in January 2021

In January 2022, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 83.9%,10.0%, 6.1%, respectively.

The main partner for exports was Germany in January 2022

In January 2022, the main partner country for exports was Germany with 1 billion 618 million dollars. The country was followed by USA with 1 billion 221 million dollars, Italy with 1 billion 25 million dollars United Kingdom with 948 million dollars and Iraq with 883 million dollars. The ratio of the first five countries in total exports was 32.4% in January 2022.

The main partner for imports was Russia in January 2022

In January 2022, the top country for Türkiye's imports was Russia with 4 billion 637 million dollars. The country was followed by China with 3 billion 95 million dollars, Germany with 1 billion 440 million dollars, USA with 1 billion 279 million dollars and Italy with 769 million dollars. The ratio of first five countries in total imports was 40.3% in January 2022.

Seasonally and calendar adjusted exports decreased by 4.9%

In January 2022, while seasonally and calendar adjusted exports decreased by 4.9% imports increased by 10.0% compared with previous month. In January 2022, calendar adjusted exports and imports increased by 16.8%, 51.9% respectively compared with January 2021.

Ratio of exports of high-tech products in manufacturing industries was 2.4%

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 93.3% in January 2022. The ratio of high-technology products in manufacturing industries exports was 2.4%.

The ratio of manufacturing industries' products in total imports was 63.2%. The ratio of high-technology products in manufacturing industries' imports was 9.9% in January 2022.

According to the special trade system, exports were 16 billion 690 million dollars in January 2022

According to the special trade system, in January 2022, exports were 16 billion 690 million dollars with a 17.2% increase and imports were 26 billion 831 million dollars with a 50.6% increase compared with January 2021.

In January 2022 foreign trade deficit was 10 billion 141 million dollars with a 183.2% increase compared with January 2021.

Exports coverage imports was 62.2%, while it was 79.9% in January 2021. (ILKHA)