Turkey’s foreign trade statistics announced for May
The country’s seasonally and calendar adjusted exports were also down 13.6% while imports remained steady in May compared with the previous month. Turkey’s calendar adjusted exports, meanwhile, fell 16.4% while imports dropped 11.4% in May from a year earlier.
Turkey’s exports to the European Union slumped 21.3% on the year to $4.721 billion in May from $5.999 billion in the same month of 2014. Germany was Turkey’s top export destination, with exports reaching $1.016 billion. Germany was followed by the UK ($689 million), Iraq ($658 million) and Italy ($507 million) as the main destinations for Turkish exports.
In May, China remained the largest supplier to Turkey, with imports worth $1.935 billion. China was followed by Germany ($1.846 billion), Russia ($1.785 billion) and the USA ($1.061 billion) in the list of the largest suppliers to Turkey.
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