Turkish Statistical Institute Foreign Trade Statistics May 2012

Foreign trade deficit decreased by %15,5 in May 2012

According to the provisional data, produced with the cooperation of Turkish Statistical Institute and Ministry of Customs and Trade, in May 2012; exports increased by 20,3% and reached to 13 168 Million Dollars while imports increased by 3,1% and reached to 21 752 Million Dollars compared with May 2011. At the same month, foreign trade deficit decreased from 10 164 Million Dollars to 8 584 Million Dollars.

Calendar adjusted exports increased by 16,4% and imports decreased by 1% compared with May 2011. Seasonally and calendar adjusted exports decreased by 1,4% while imports increased by 1,1% compared with previous month.

In May 2012 exports coverage imports was 60,5% while it was 51,8% in May 2011.

The EU’s share in exports decreased to 36,2% in May 2012

As compared with the same month of the previous year, exports to EU were 4 763 Million Dollars decreased by 6,9%. The proportion of the EU countries was 36,2% in May 2012 while it was 46,8% in May 2011.

In May 2012, the main partner country for exports was Iran with 1 664 Million Dollars (1 386 Million Dollars of gold for non monetary purpose exportation) and increased by 513,2%. For exports, Iran was followed by Germany (1 076 Million Dollars), Iraq (864 Million Dollars), the United Kingdom (692 Million Dollars) and Russia (575 Million Dollars).

For May 2012, the top country for Turkey’s imports was Russia (2 196 Million Dollars), records for imports range from Germany (2 064 Million Dollars), China (2 022 Million Dollars) and the USA
(1 375 Million Dollars).

Precious stones and metals are forfront in exports according to chapters

For May 2012, “ precious stones and metals ” has by far the highest value exported at 1 669 Million
Dollars and then “vehicle other than railway or tramway rolling-stock, parts thereof (1 252 Million
Dollars), “iron and steel” (1 074 Million Dollars), “boilers, machinery and mechanical appliances,
parts thereof (1 063 Million Dollars) and “electrical machinery and equipment” (816 Million Dollars).

At the same period, the top categories for imports were “mineral fuels and oils” (4 794 Million Dollars) and then “boilers, machinery and mechanical appliances” (2 489 Million Dollars), “iron and steel” (1 835 Million Dollars) and “electrical machinery and equipment” (1 464 Million Dollars).

The publication date of the next press release related to this subject is 31.07.2012