Turkey’s exports decrease, imports increase in October
The country’s seasonally and calendar adjusted exports rose by 2.5% while imports were down by 1.7% in October compared with the previous month. Turkey’s calendar adjusted exports moved down by 0.3% while imports increased by 1.1% from a year earlier.
Turkey’s exports to the European Union decreased by 0.8% on the year to $6.211billion in October from $6.262 billion in the same month of 2015. Germany became Turkey’s top export destination, with exports reaching $1.308 billion. Germany was followed by United Kingdom ($1.049 billion), Iraq ($774 million), and Italy ($739 million) as the main destinations for Turkish exports.
In October, China remained the largest source of Turkey’s imports, with imports worth $2.214 billion. China was followed by Germany ($1.757 billion), Russia ($1.204 billion) and Italy ($850 million) in the list of the largest exporters to Turkey.
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