Turkish exports rise by 5.2%, imports decline by 5.7% in November

According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in November 2023; exports were 22 billion 999 million dollars with a 5.2% increase and imports were 28 billion 916 million dollars with a 5.7% decrease compared with November 2022.

Exports and imports increased by 0.7%, 0.5% respectively in January-November 2023

In January-November 2023 period, exports were 232 billion 810 million dollars with a 0.7% increase and imports were 332 billion 736 million dollars with a 0.5% increase compared with January-November 2022.

Energy products and non-monetary gold excluded exports and imports increased by 1.6%, 6.7% respectively in November

Exports, excluding energy products and non-monetary gold, were 20 billion 773 million dollars with a 1.6% increase in November 2023. Imports, excluding energy products and non-monetary gold, were 21 billion 650 million dollars with a 6.7% increase in November 2023.

Foreign trade deficit, excluding energy products and non-monetary gold, was 877 million dollars in November 2023.

Foreign trade volume was 42 billion 423 million dollars with a 4.1% increase. Energy products and non-monetary gold excluded export coverage imports was 96.0%.

The foreign trade deficit decreased by 32.6% in November 2023

In November 2023, foreign trade deficit was 5 billion 918 million dollars with a 32.6% decrease compared with November 2022. In November 2023, exports coverage imports was 79.5%, while it was 71.3% in November 2022.

The foreign trade deficit increased by 0.1% in January-November 2023

In January-November 2023 period, foreign trade deficit was 99 billion 926 million dollars with a 0.1% increase compared with January-November 2022. In the same period, exports coverage imports was 70.0%, while it was 69.8% in January-November 2022.

The ratio of manufacturing industries products in total exports was 93.3% in November 2023

In November 2023, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 93.3%, 4.8%, 1.3%, respectively.

In January-November 2023 period, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.4%, 3.7%, 1.5%, respectively.

The ratio of intermediate goods in total imports was 67.6% in November 2023

In November 2023, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 67.6%,16.9%,15.4%, respectively.

In January-November 2023 period, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 72.5%,14.3%,13.0%, respectively.

The main partner for exports was Germany in November 2023

In November 2023, the main partner country for exports was Germany with 1 billion 750 million dollars. The country was followed by UAE with 1 billion 365 million dollars, Iraq with 1 billion 285 million dollars, USA with 1 billion 262 million dollars, and Italy with 1 billion 103 million dollars. The ratio of the first five countries in total exports was 29.4% in November 2023.

In January-November 2023 period, the main partner country for exports was Germany with 19 billion 415 million dollars. The country was followed by USA with 13 billion 519 million dollars, Iraq with 11 billion 535 million dollars, Italy with 11 billion 359 million dollars and United Kingdom with 11 billion 265 million dollars. The ratio of the first five countries in total exports was 28.8% in January-November 2023.

The main partner for imports was China in November 2023

In November 2023, the top country for Türkiye's imports was China with 3 billion 555 million dollars. The country was followed by Russia with 3 billion 458 million dollars, Germany with 2 billion 374 million dollars, UAE with 1 billion 467 million dollars, USA with 1 billion 361 million dollars. The ratio of first five countries in total imports was 42.2% in November 2023.

In January-November 2023 period, the top country for Türkiye's imports was China with 41 billion 711 million dollars. The country was followed by Russia with 41 billion 395 million dollars, Germany with 26 billion 170 million dollars, Switzerland with 18 billion 815 million dollars, USA with 14 billion 448 million dollars. The ratio of first five countries in total imports was 42.8% in January-November 2023.

Seasonally and calendar adjusted exports increased by 0.7%

In November 2023, while seasonally and calendar adjusted exports increased by 0.7%, imports decreased by 3.1% compared with previous month. In November 2023, while calendar adjusted exports increased by 5.4% imports decreased by 5.6% compared with November 2022.

Ratio of exports of high-tech products in manufacturing industries was 4.0%

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 93.3% in November 2023. The ratio of high-technology products in manufacturing industries exports was 4.0%. The ratio of manufacturing industries products in total exports was 94.4% in January-November 2023. In January-November 2023 period, the ratio of high-technology products in manufacturing industries exports was 3.7%.

The ratio of manufacturing industries products in total imports was 81.1%. The ratio of high-technology products in manufacturing industries' imports was 12.6% in November 2023. The ratio of manufacturing industries' products in total imports was 80.9% in January-November 2023. The ratio of high-technology products in manufacturing industries' imports was 10.5% in January-November 2023.

According to the special trade system, exports were 21 billion 9 million dollars in November 2023

According to the special trade system, in November 2023, exports were 21 billion 9 million dollars with a 4.9% increase and imports were 27 billion 475 million dollars with a 2.9% decrease compared with November 2022.

In November 2023 foreign trade deficit was 6 billion 467 million dollars with a 21.8% decrease compared with November 2022.

Exports coverage imports was 76.5%, while it was 70.8% in November 2022.

Exports were 211 billion 647 million dollars in January-November 2023

According to the special trade system, exports were 211 billion 647 million dollars with a 1.3% decrease and imports were 311 billion 739 million dollars with a 0.1% increase compared with January-November 2022.

In January-November 2023 period, foreign trade deficit was 100 billion 92 million dollars with a 3.2% increase compared with January-November 2022.

Exports coverage imports was 67.9%, while it was 68.9% in January-November 2022. (ILKHA)