Exports and imports decreased by 14.3% and 22.7%, respectively
According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in June 2019; exports were 11 billion 82 million dollars with a 14.3% decrease and imports were 14 billion 259 million dollars with a 22.7% decrease compared with June 2018. Foreign trade deficit decreased by 42.5%
In June 2019 foreign trade deficit was 3 billion 177 million dollars with a 42.5% decrease compared with June 2018. In June 2019, exports coverage imports was 77.7% while it was 70.1% in June 2018. Seasonally and calendar adjusted exports decreased by 15.5%
Seasonally and calendar adjusted exports and imports decreased by 15.5% and 0.2%, respectively compared with previous month. Calendar adjusted exports and imports decreased by 8.1% and 14.8%, respectively compared with June 2018.The main partner for exports was Germany
In June 2019, the main partner country for exports was Germany with 1 billion 74 million dollars. The country was followed by the United Kingdom with 685 million dollars, France with 640 million dollars and Italy with 613 million dollars. The top country for Turkey's imports was Russia with 1 billion 537 million dollars. The country was followed by China with 1 billion 276 million dollars, Germany with 1 billion 192 million dollars and USA with 919 million dollars.Ratio of exports of high-tech products in manufacturing industries was 3.5%
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% in June. The ratio of high-technology products in manufacturing industries exports was 3.5%. The ratio of manufacturing industries' products in total imports was 76.5%. The ratio of high-technology products in manufacturing industries' imports was 13.9% in June 2019. According to general trade system exports were 11 billion 594 million dollars
According to the general trade system in June 2019, exports were 11 billion 594 million dollars with a 14.9% decrease and imports were 15 billion 71 million dollars with a 22.9% decrease compared with June 2018. Exports coverage imports was 76.9% in June 2019.The next release on this subject will be on August 29, 2019.
Foreign trade statistics are calculated by using two different trading systems, namely the special trade system and the general trade system. In the special trade system, data of customs warehouses and free zones are not included in statistics. However, goods entering in or leaving from the free circulation area of a country are covered. In the special trade system, free zones and customs warehouses are not included in the statistical region of that country. For this reason, goods sent from free zones and warehouses to the country and goods sent from the country to free zones and customs warehouses are covered in the calculations but trade between these regions and third countries aren't covered in the calculations. In the general trade system, goods entering in or leaving from economic area of the country are covered in statistics. In the general trade system, goods entering in free zones, customs warehouses and free circulation area which constitute the economic area of the country or leaving from these areas are covered in the calculations.
Turkish Statistical Institute will continue to publish detailed foreign trade statistics according to the special trade system. In addition, annual and monthly total foreign trade statistics by the general trade system will be given in a bulletin table and in a statistical table including 2013-2019 period.