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Turkey’s foreign trade statistics announced for June

by ChemOrbis Editorial Team -
  • 29/07/2016 (11:51)
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.
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