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Turkey’s exports and imports fall in September

by ChemOrbis Editorial Team -
  • 01/11/2016 (14:06)
According to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat), Turkey’s exports and imports decreased in September. Exports fell by 5.6% to $10.935 billion and imports were down 0.7% to $15.296 billion in September from a year earlier. Turkey’s foreign trade deficit, meanwhile, rose by 14.1% to $4.362 billion.

The country’s seasonally and calendar adjusted exports fell by 3% while imports were up 3.1% in September compared with the previous month. Turkey’s calendar adjusted exports moved down by 6.6% while imports increased 1.4% from a year earlier.

Turkey’s exports to the European Union increased 0.4% on the year to $5.484 billion in September from $5.460 billion in the same month of 2015. Germany became Turkey’s top export destination, with exports reaching $1.137 billion. Germany was followed by United Kingdom ($784 million), Italy ($653 million), and Iraq ($575 million) as the main destinations for Turkish exports.

In September, China remained the largest source of Turkey’s imports, with imports worth $2.221 billion. China was followed by Germany ($1.668 billion), Russia ($1.47 billion) and Italy ($699 million) in the list of the largest exporters to Turkey.
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