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Turkey’s foreign trade statistics announced for December

by ChemOrbis Editorial Team - content@chemorbis.com
  • 30/01/2015 (11:58)
According to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat), Turkey’s exports and imports followed opposite trends in December. Exports increased 1.2% year over year to $13.328 billion while imports declined 5.6% to reach $21.834 billion when compared to the same period of 2013. Turkey’s foreign trade deficit was reported at $8.506 billion, down 14.6% when compared to the same month of the previous year.

Turkey’s seasonally and calendar adjusted exports climbed 0.6% while imports contracted 11.1% on a monthly basis. Calendar adjusted exports were down 2% month over month while imports also declined 9.3% year over year in December.

The country’s exports to the European Union increased 1.8% to $5.361 billion compared to the same month of 2013. Germany was Turkey’s top export destination, with exports to the country reaching $1.165 billion. Germany was followed by Iraq ($1.111 billion), the United Kingdom ($763 million) and the USA ($722 million) as the main destinations for Turkish exports.

In December, China was reported as the top importer to Turkey, with imports valued at $2.318 billion. China was followed by Germany ($2.183 billion), Russia ($2.137 billion) and the USA ($1.116 billion) in the list of the largest importers to Turkey.
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