Turkey’s exports, imports increase in April

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.