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Turkey’s exports, imports increase in April

by ChemOrbis Editorial Team - content@chemorbis.com
  • 31/05/2017 (11:05)
According to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat), Turkey’s exports and imports increased in April. Exports were up by 7.4% to $12.839 billion while imports were up by 9.9% to $17.784 billion in April from a year earlier. Meanwhile, Turkey’s foreign trade deficit rose by 16.7% year-on-year to $4.945 billion.

The country’s seasonally and calendar adjusted exports fell by 2.7% while imports were up by 1.6% in April compared with the previous month. Turkey’s calendar adjusted exports and imports moved up by 10.5% and 13.2% respectively from a year earlier.

Turkey’s exports to the European Union also increased by 2.2% on the year to $5.779 billion in April. Germany became Turkey’s top export destination, with exports reaching $1.140 billion. Germany was followed by UAE ($1.021 billion), Iraq ($857 million) and the UK ($737 million) as the main destinations for Turkish exports.

In April, China was the largest source of Turkey’s imports, with imports worth $1.647 billion. China was followed by Germany ($1.629 billion), Russia ($1.495 billion) and the USA ($980 million) in the list of the largest exporters to Turkey.
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