Turkey’s foreign trade statistics announced for May
The country’s seasonally and calendar adjusted exports and imports climbed 5.9% and 2.1%, respectively, in May compared with the previous month. Turkey’s calendar adjusted exports were also up 9.4% while imports fell 9.4% from a year earlier.
Turkey’s exports to the European Union jumped 25.1% on the year to $5.887 billion in May from $4.707 billion in the same month of 2015. The United Kingdom (UK) became Turkey’s top export destination, with exports reaching $1.283 billion. The UK was followed by Germany ($1.112 billion), Iran ($673 million) and Italy ($603 million) as the main destinations for Turkish exports.
In May, China remained the largest source of Turkey’s imports, with imports worth $2.039 billion. China was followed by Germany ($1.856 billion), the USA ($1.210 billion) and Russia ($1.206 million) in the list of the largest exporters to Turkey.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Turkey’s PP and PE markets propelled to a firm start to H2 despite vulnerable conditions
- Asian PVC sees V-shaped recovery in Q2, what will Q3 bring?
- Will capacity additions cast cloud on ethylene upsurge in Asia?
- US PVC offers in Egypt rise steadily but resistance grows in tandem
- PE buyers’ resistance grows in SEA; duty-free origins more competitive than Mid-East
- Polymer demand cools in Turkey: Is price correction ahead for PP, PE and PVC?
- China’s rising PET trend takes a pause, but longer-term outlook remains firm
- Uptrend in China’s import PP market continues but cautious mood returns
- Hikes in Asia July PVC offers baffle some buyers, further rally under discussion
- Optimism is rising on resurgent demand in European polymer markets