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Turkey’s foreign trade statistics announced for April

by ChemOrbis Editorial Team - content@chemorbis.com
  • 29/05/2015 (13:31)
According to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat), Turkey’s exports rose 0.2% year over year to $13.392 billion while imports decreased 11.1% to $18.358 billion from a year earlier. Accordingly, Turkey’s foreign trade deficit slumped 31.9% to $4.966 billion in April from $7.287 billion in the same month of 2014.

The country’s seasonally and calendar adjusted exports increased 5.3% while imports were down 0.3% compared with March. Turkey’s calendar adjusted exports were also up 0.4% while imports decreased 11.2% in April from a year earlier.

Turkey’s exports to the European Union declined 10.4% on the year to $5.284 billion in April from $5.9 billion in the previous year. Switzerland was Turkey’s top export destination, with exports reaching $1.239 billion. Switzerland was followed by Germany ($1.140 billion), the UK ($800 million) and Iraq ($789 million) as the main destinations for Turkish exports.

In April, China remained the largest importer to Turkey, with imports worth $1.912 billion. China was followed by Germany ($1.9 billion), Russia ($1.638 billion) and the USA ($1.333 billion) in the list of the largest importers to Turkey.
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