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Turkey’s foreign trade statistics announced for June

by ChemOrbis Editorial Team -
  • 03/08/2015 (10:34)
According to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat), Turkey’s exports and imports decreased 6.9% to $11.996 billion and 12.5% to $18.201 billion, respectively, in June compared with the same month of 2014. Accordingly, Turkey’s foreign trade deficit fell 21.6% to $6.206 billion in June from $7.912 billion in the same month of 2014.

The country’s seasonally and calendar adjusted exports, however, rose 3.1% while imports declined 3% in June compared with the previous month. Turkey’s calendar adjusted exports, meanwhile, fell 9.5% while imports dropped 15.1% in June from a year earlier.

Turkey’s exports to the European Union slipped 6.6% on the year to $5.535 billion in June from $5.926 billion in the same month of 2014. Germany continued to be Turkey’s top export destination, with exports reaching $1.138 billion. Germany was followed by the UK ($814 million), Iraq ($689 million) and Italy ($595 million) as the main destinations for Turkish exports.

In June, China also remained the largest source of Turkey’s imports, with imports worth $2.041 billion. China was followed by Germany ($1.891 billion), Russia ($1.744 billion) and Italy ($1.010 billion) in the list of the largest exporters to Turkey.
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