Exports decreased by 12.9% and imports decreased by 3.4%
According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Customs and Trade, in August 2013; exports were 11 174 Million Dollars with a 12.9% decrease and imports were 18 191 Million Dollars with a 3.4% decrease compared with August 2012. Foreign trade deficit increased by 17%
At the same month, foreign trade deficit increased by 17% from 5 997 Million Dollars to 7 016 Million Dollars.
In August 2013, exports coverage imports was 61.4% while it was 68.1% in August 2012.Seasonally and calendar adjusted exports increased by 0.1%
Seasonally and calendar adjusted exports increased by 0.1% and imports decreased by 5.5% compared with previous month. Calendar adjusted exports decreased by 9.8% and imports increased by 0.3% compared with August 2012. External Trade, August 2012-2013 External Trade, January-August 2012-2013 Exports to the European Union increased by 6.8%
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 applied to the data related to 2013 and previous years to make comparison.
As compared with the same month of the previous year, exports to the European Union (EU 28) were 4 622 Million Dollars, increased by 6.8%. The proportion of the EU countries was 41.4% in August 2013 while it was 33.7% in August 2012. The main partner for exports was Germany
In August 2013, the main partner country for exports was Germany with 1 043 Million Dollars and increased by 4.1%. For exports, Germany was followed by Iraq (874 Million Dollars), the United Kingdom (647 Million Dollars) and Russia (571 Million Dollars). The top country for imports was Russia
For August 2013, the top country for Turkey’s imports was Russia (2 096 Million Dollars), records for imports range from China (1 881 Million Dollars), Germany (1 673 Million Dollars) and Italy (1 004 Million Dollars). Vehicles other than railway are forfront in exports according to chapters
For August 2013, “vehicles other than railway or tramway rolling-stock, parts thereof” has the highest value exported at 950 Million Dollars and then, “boilers, machineries and mechanical appliances, parts thereof” (937 Million Dollars), “knitted and crocheted goods and articles” (775 Million Dollars) and “electrical machineries and equipments, parts there of” (729 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” (4 615 Million Dollars) and then “boilers, machinery and mechanical appliances” (1 978 Million Dollars), “iron and steel” (1 319 Million Dollars), “electrical machineries and equipments, parts there of” (1 276 Million Dollars) and “vehicles other than railway or tramway rolling-stock, parts thereof” (1 123 Million Dollars).The next release on this subject will be October 31, 2013.