Turkey’s foreign trade statistics announced for June

According to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat), Turkey’s exports and imports posted gains in June. Exports rose 8.1% to $12.916 billion while imports climbed 7% to $19.475 billion in June from a year earlier. Turkey’s foreign trade deficit, meanwhile, moved higher 5% to $6.559 billion.

The country’s seasonally and calendar adjusted exports and imports climbed 1.8% and 12%, respectively, in June compared with the previous month. Turkey’s calendar adjusted exports and imports were also up 8.2% and 6.8%, respectively from a year earlier.

Turkey’s exports to the European Union increased 13.8% on the year to $6.267 billion in June from $5.507 billion in the same month of 2015. Germany became Turkey’s top export destination, with exports reaching $1.228 billion. Germany was followed by the UK ($1.103 billion), Italy ($717 million) and the USA ($629 million) as the main destinations for Turkish exports.

In June, China remained the largest source of Turkey’s imports, with imports worth $2.602 billion. China was followed by Germany ($2.272 billion), the USA ($1.735 billion) and Russia ($1.478 billion) in the list of the largest exporters to Turkey.