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Turkey’s exports, imports increase in December

by ChemOrbis Editorial Team - content@chemorbis.com
  • 31/01/2017 (11:32)
According to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat), Turkey’s exports and imports increased in December. Exports were up by 9% to $12.807 billion and imports were up by 2.3% to $18.405 billion in December from a year earlier. Turkey’s foreign trade deficit, meanwhile, fell by 10.3% year-on-year.

The country’s seasonally and calendar adjusted exports fell by 0.5% while imports were up by 6.1% in December compared with the previous month. Turkey’s calendar adjusted exports and imports moved up by 9.1% and 5.4% respectively from a year earlier.

Turkey’s exports to the European Union increased by 4.8% on the year to $5.670 billion in December from $5.412 billion in the same month of 2015. Germany became Turkey’s top export destination, with exports reaching $1.189 million. Germany was followed by Iraq ($795 million), United Kingdom ($768 million) and the UAE ($759 million) as the main destinations for Turkish exports.

In December, China remained the largest source of Turkey’s imports, with imports worth $1.863 billion. China was followed by Germany ($1.813 billion), Russia ($1.352 billion) and Italy ($902 million) in the list of the largest exporters to Turkey.
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