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Turkey’s exports, imports up in March

by ChemOrbis Editorial Team - content@chemorbis.com
  • 28/04/2017 (10:44)
According to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat), Turkey’s exports and imports increased in March. Exports were up by 13.6% to $14.496 billion while imports were up by 6.9% to $18.988 billion in March from a year earlier. Meanwhile, Turkey’s foreign trade deficit fell by 10.3% year-on-year to $4.492 billion.

The country’s seasonally and calendar adjusted exports rose by 3.7% while imports were up by 2.2% in March compared with the previous month. Turkey’s calendar adjusted exports and imports moved up by 13.5% and 7.1% respectively from a year earlier.

Turkey’s exports to the European Union also increased by 8.1% on the year to $6.775 billion in March. Germany became Turkey’s top export destination, with exports reaching $1.320 billion. Germany was followed by UAE ($1.028 million), Iraq ($906 million) and the UK ($874 million) as the main destinations for Turkish exports.

In March, Germany was the largest source of Turkey’s imports, with imports worth $1.783 billion. Germany was followed by China ($1.770 billion), Russia ($1.599 billion) and the USA ($952 million) in the list of the largest exporters to Turkey.
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