Turkey’s exports decrease, imports increase in October
by ChemOrbis Editorial Team - content@chemorbis.com
According to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat), Turkey’s exports decreased while imports increased in October. Exports fell by 3% to $12.891billion and imports were up by 0.5% to $17.004 billion in October from a year earlier. Turkey’s foreign trade deficit, meanwhile, rose by 13.2% year-on-year.
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.
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.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- PVC downturn persists in China’s local market despite bullish imports
- China's PP market at almost 2-year low; H2 outlook bearish
- Asian spot ethylene market plunges to decade low
- Early July expectations emerge softer in Europe’s PP market
- Import PE prices fall to lowest in more than a decade across Asia
- Tightness pushes Asian PVC markets to 3-month high
- China’s PE market continues bearish run on sluggish demand
- PP and PE markets turn softer in Egypt, Mid-East
- European PET extends bearish trend into 3rd consecutive month
- European PS, ABS markets down after 4 months
