Türkiye’s foreign trade deficit soars by 75.1% in March

According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in March 2022; exports were 22 billion 709 million dollars with a 19.8% increase and imports were 30 billion 878 million dollars with a 30.7% increase compared with March 2021.

Exports and imports increased by 20.6%, 42.0% respectively in January-March 2022

In January-March 2022 period, exports were 60 billion 201 million dollars with a 20.6% increase and imports were 86 billion 607 million dollars with a 42.0% increase compared with January-March 2021.

Energy products and non-monetary gold excluded exports and imports increased by 18.6%, 9.2% respectively in March

Exports, excluding energy products and non-monetary gold, were 21 billion 292 million dollars with an 18.6% increase in March 2022. Imports, excluding energy products and non-monetary gold, were 21 billion 429 million dollars with a 9.2% increase in March 2022.

Foreign trade deficit, excluding energy products and non-monetary gold, was 136 million dollars in March 2022.

Foreign trade volume was 42 billion 721 million dollars with a 13.7% increase. Energy products and non-monetary gold excluded export coverage imports was 99.4%.

The foreign trade deficit increased by 75.1% in March 2022

In March 2022 foreign trade deficit was 8 billion 169 million dollars with a 75.1% increase compared with March 2021. In March 2022, exports coverage imports was 73.5%, while it was 80.2% in March 2021.

The foreign trade deficit increased by %138.5 in January-March 2022

In January-March 2022 period, foreign trade deficit was 26 billion 406 million dollars with a 138.5% increase compared with January-March 2021. In the same period, exports coverage imports was 69.5% while it was 81.8% in January-March 2021.

The ratio of manufacturing industries products in total exports was 94.9% in March 2022

In March 2022, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.9%, 3.1%, 1.5%, respectively.

In January-March 2022 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 81.8% in March 2022

In March 2022, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 81.8%,10.5%, 7.6%, respectively.

In January-March 2022 period, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 82.8%,10.1%,7.1%, respectively.

The main partner for exports was Germany in March 2022

In March 2022, the main partner country for exports was Germany with 1 billion 907 million dollars. The country was followed by USA with 1 billion 559 million dollars, Italy with 1 billion 278 million dollars, United Kingdom with 1 billion 168 million dollars and Iraq with 1 billion 162 million dollars. The ratio of the first five countries in total exports was 31.1% in March 2022.

In January-March 2022 period, the main partner country for exports was Germany with 5 billion 286 million dollars. The country was followed by USA with 4 billion 56 million dollars, Italy with 3 billion 384 million dollars, the United Kingdom with 3 billion 210 million dollars, and Iraq with 3 billion 115 million dollars. The ratio of the first five countries in total exports was 31.6% in January-March 2022.

The main partner for imports was Russia in March 2022

In March 2022, the top country for Türkiye's imports was Russia with 4 billion 224 million dollars. The country was followed by China with 3 billion 618 million dollars, Germany with 2 billion 240 million dollars, USA with 1 billion 325 million dollars and Italy with 1 billion 183 million dollars. The ratio of first five countries in total imports was 40.8% in March 2022.

In January-March 2022 period, the top country for Türkiye's imports was Russia with 12 billion 720 million dollars. The country was followed by China with 9 billion 888 million dollars, Germany with 5 billion 515 million dollars, USA with 3 billion 664 million dollars, Italy with 2 billion 963 million dollars. The ratio of first five countries in total imports was 40.1% in January-March 2022.

Seasonally and calendar adjusted exports increased by 1.2%

In March 2022, while seasonally and calendar adjusted exports increased by 1.2% imports decreased by 0.9% compared with previous month. In March 2022, calendar adjusted exports and imports increased by 20.1%, 31.2% respectively compared with March 2021.

Ratio of exports of high-tech products in manufacturing industries was 3.0%

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 94.9% in March 2022. The ratio of high-technology products in manufacturing industries exports was 3.0%. The ratio of manufacturing industries products in total exports was 94.3% in January-March 2022. In January-March 2022 period, the ratio of high-technology products in manufacturing industries exports was 2.8%.

The ratio of manufacturing industries' products in total imports was 69.6%. The ratio of high-technology products in manufacturing industries' imports was 10.4% in March 2022. The ratio of manufacturing industries' products in total imports was 67.1% in January-March 2022. The ratio of high-technology products in manufacturing industries' imports was 9.9% in January-March 2022.

According to the special trade system, exports were 21 billion 320 million dollars in March 2022

According to the special trade system, in March 2022, exports were 21 billion 320 million dollars with a 18.6% increase and imports were 29 billion 674 million dollars with a 30.4% increase compared with March 2021.

In March 2022 foreign trade deficit was 8 billion 355 million dollars with a 74.3% increase compared with March 2021.

Exports coverage imports was 71.8%, while it was 78.9% in March 2021.

Exports were 56 billion 746 million dollars in January-March 2022

According to the special trade system, exports were 56 billion 746 million dollars with a 20.1% increase and imports were 82 billion 960 million dollars with a 40.2% increase compared with January-March 2021.

In January-March 2022 period, foreign trade deficit was 26 billion 215 million dollars with a 120.3% increase compared with January-March 2021.

Exports coverage imports was 68.4%, while it was 79.9% in January-March 2021. (ILKHA)