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Turkey’s foreign trade statistics announced for July

by ChemOrbis Editorial Team -
  • 31/08/2016 (14:02)
According to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat), Turkey’s exports and imports posted decreases in July. Exports declined 11.5% to $9.855 billion while imports declined 19.7% to $14.643 billion in July from a year earlier. Turkey’s foreign trade deficit, meanwhile, fell by 32.5% to $4.788 billion.

The country’s seasonally and calendar adjusted exports and imports decreased 9% and 9.2%, respectively, in July compared with the previous month. Turkey’s calendar adjusted exports and imports were also down by 6.8% and 8.3%, respectively from a year earlier.

Turkey’s exports to the European Union declined 1.7% on the year to $5.069 billion in July from $5.155 billion in the same month of 2015. United Kingdom became Turkey’s top export destination, with exports reaching $982 million. United Kingdom was followed by Germany ($966 million), Italy ($550 million) and the USA ($448 million) as the main destinations for Turkish exports.

In July, China remained the largest source of Turkey’s imports, with imports worth $1.884 billion. China was followed by Germany ($1.722 billion), Russia ($1.117 billion) and Italy ($854 million) in the list of the largest exporters to Turkey.
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