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Turkey’s foreign trade statistics announced for February

by ChemOrbis Editorial Team - content@chemorbis.com
  • 04/04/2016 (13:46)
According to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat), Turkey’s exports and imports tracked a different direction in February. Exports climbed 1.4% to $12.406 billion while imports declined 8.1% to $15.571 billion in February from a year earlier. Turkey’s foreign trade deficit, meanwhile, plunged 32.8% to $3.165 billion from $4.709 billion in the same month of 2015.

The country’s seasonally and calendar adjusted exports and imports rose 16% and 4.8%, respectively, in February compared with the previous month. Turkey’s calendar adjusted exports slid 1.1% while imports fell 11.5% from a year earlier.

Turkey’s exports to the European Union moved higher by 10.8% on the year to $5.740 billion in February from $5.180 billion in the same month of 2015. Germany continued to be Turkey’s top export destination, with exports reaching $1.166 billion. Germany was followed by the UK ($1.057 million), Switzerland ($1.047 million) and Iraq ($712 million) as the main destinations for Turkish exports.

In February, China remained the largest source of Turkey’s imports, with imports worth $2.059 billion. China was followed by Germany ($1.772 billion), Russia ($1.189 billion) and the USA ($985 million) in the list of the largest exporters to Turkey.
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