Exports increased by 2.2% and imports increased by 10%
According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Customs and Trade, in July 2013; exports were 13 113 Million Dollars with a 2.2% increase and imports were 22 918 Million Dollars with a 10% increase compared with July 2012.
Foreign trade deficit increased by 22.5%
At the same month, foreign trade deficit increased by 22.5% from 8 006 Million Dollars to 9 806 Million Dollars.
In July 2013 exports coverage imports was 57.2% while it was 61.6% in July 2012.Seasonally and calendar adjusted exports increased by 2.1%
Seasonally and calendar adjusted exports increased by 2.1% and imports decreased by 2.4% compared with previous month. Calendar adjusted exports decreased by 0.9% and imports increased by 6.1% compared with July 2012. External Trade, July 2012 - 2013 External Trade, January-July 2012 – 2013Exports to the European Union increased by 22.7%
As compared with the same month of the previous year, exports to the EU were 5 447 Million Dollars, increased by 22.7%. The proportion of the EU countries was 41.5% in July 2013 while it was 34.6% in July 2012.
Due to the fact that Croatia has been an EU member state since July 2013, data related to the EU country group has been prepared including 28 member states. This is applicable for the data related to 2013 and previous years to make comparison.
The main partner for exports was Germany
In July 2013, the main partner country for exports was Germany with 1 208 Million Dollars and increased by 17%. For exports, Germany was followed by Iraq (1 082 Million Dollars), the United Kingdom (788 Million Dollars) and Russia (625 Million Dollars). The top country for imports was Germany
For July 2013, the top country for Turkey’s imports was Germany (2 376 Million Dollars), records for imports range from Russia (2 280 Million Dollars), China (2 260 Million Dollars) and Italy (1 278 Million Dollars). Vehicles other than railway are forfront in exports according to chapters
For July 2013, “vehicles other than railway or tramway rolling-stock, parts thereof” has the highest value exported at 1 605 Million Dollars and then, “boilers, machinery and mechanical appliances, parts thereof” (1 121 Million Dollars), “knitted and crocheted goods and articles” (867 Million Dollars) and “electrical machineries and equipments, parts there of” (856 Million Dollars)
Mineral fuels and oils are forfront in imports according to chapters
At the same period, the top categories for imports were “mineral fuels and oils” (4 735 Million Dollars) and then “boilers, machinery and mechanical appliances” (2 705 Million Dollars), “vehicles other than railway or tramway rolling-stock, parts thereof” ( 1 741 Million Dollars ) and “precious stones, precious metals, pearls and articles thereof” (1 723 Million Dollars).The next release on this subject will be September 30, 2013.