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Turkey’s foreign trade statistics announced for March

by ChemOrbis Editorial Team - content@chemorbis.com
  • 30/04/2015 (13:55)
According to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat), Turkey’s exports and imports posted fresh declines in March. Exports plunged 14.4% year over year to $12.570 billion while imports decreased 6.1% to reach $18.723 billion from a year earlier. Turkey’s foreign trade deficit, however, rose 17.2% to $6.154 billion in March from $5.251 billion in the same month of 2014.

The country’s seasonally and calendar adjusted exports and imports dipped 5.6%and 3.5%, respectively, in March. Turkey’s calendar adjusted exports were also down 14.4% while imports decreased 8.8% in March.

Turkey’s exports to the European Union declined 11.8% on the year to $5.343 billion in March from $6.05 billion. German was Turkey’s top export destination, with exports reaching $1.080 billion. Germany was followed by the UK ($1.031 billion), Iraq ($745 million) and the UAE ($597 million) as the main destinations for Turkish exports.

In March, China was the largest importer to Turkey, with imports worth $2.347 billion. China was followed by Russia ($2.191 billion), Germany ($1.814billion) and Italy ($960 million) in the list of the largest importers to Turkey.
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