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Turkey’s foreign trade statistics announced for February

by ChemOrbis Editorial Team - content@chemorbis.com
  • 31/03/2015 (12:04)
According to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat), Turkey’s exports and imports declined in February. Exports dipped 6% year over year to $12.272 billion and imports slumped 7.2% to reach $16.927 billion when compared to the same month of 2014. Turkey’s foreign trade deficit, meanwhile, decreased 10.2% to $4.656 billion in February from $5.186 billion in the same month of the previous year.

However, Turkey’s seasonally and calendar adjusted exports and imports rose 0.7% in February while calendar adjusted exports and imports were down 25.9% and 7.2%, respectively.

The country’s exports to the European Union declined 4.3% year over year to $5.197 billion from $5.428 billion. The UK was Turkey’s top export destination, with exports reaching $1.108 billion. The UK was followed by Switzerland ($1.083 billion), Germany ($1.031 billion) and Iraq ($755 million) as the main destinations for Turkish exports.

In February, China was reported as the top importer to Turkey, with imports valued at $2.067 billion. China was followed by Russia ($1.856 billion), Germany ($1.570 billion) and the USA ($931billion) in the list of the largest importers to Turkey.
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