Seasonally and calendar adjusted exports increased by 10.5% while imports decreased 0.6% compared with previous month. Calendar adjusted exports increased by 4.9% while imports decreased 0.2% compared with August 2015.
Exports to the European Union (EU28) increased by 13.9%
As compared with the same month of the previous year, exports to the EU-28 increased by 13.9% from 4 billion 848 million dollars to 5 billion 519 million dollars. The proportion of the EU countries was 46.5% in August 2016 while it was 44% in August 2015.
The main partner for exports was Germany
In August 2016, the main partner country for exports was Germany with 1 billion 193 million dollars. This country was followed by the United Kingdom (921 million dollars), Iraq (708 million dollars) and the USA (606 million dollars).
The top country for imports was China
In August 2016, the top country for Turkey’s imports was China (2 billion 531 million dollars). This country was followed by Germany (1 billion 738 million dollars), Russia (1 billion 378 million dollars) and Italy (823 million dollars).
Ratio of exports of high-tech products in manufacturing industries was 3.4%
Foreign trade by technology intensity covers the manufacturing industries’ products in classification of ISIC Rev.3. According to the ISIC Rev.3, the ratio of manufacturing industries products in total exports was 94.4% in August. The ratio of high-technology products in manufacturing industries was 3.4%. The ratio of medium-high-technology products in manufacturing industries’ products was 30.9%.
Ratio of imports of high-tech products in manufacturing industries was 16.4%
The ratio of manufacturing industries’ products in total imports was 84.5%. The ratio of high-technology products in manufacturing industries’ products was 16.4% in August 2016. The ratio of medium-high-technology products in manufacturing industries’ products was 44%.
The next release on this subject will be on October 31, 2016.