Turkey’s foreign trade statistics announced for Nov
On the other hand, Turkey’s foreign trade deficit widened by 52.4% to $6.32 billion in November from $4.15 billion in the same period of 2016. However, the deficit was down from $7.3 billion registered in October.
The country’s seasonally and calendar adjusted exports increased by 1.6% while imports decreased by 2.4% compared with previous month. The calendar adjusted export volume index grew by 11.1% to on a yearly basis. The calendar adjusted import volume index also increased by 21.4% in November.
Turkey’s exports to the European Union increased by 17% from $5.967 billion to $6.983 billion dollars. Germany was Turkey’s top export destination, with exports reaching $1.376 billion. Germany was followed by the United Kingdom ($908 million), Italy ($839 million) and the USA ($733 million) as the main destinations for Turkish exports.
In November, Germany was the largest source of Turkey’s imports, with imports worth $1.982 billion. Germany was followed by China ($1.981 billion), Russia ($1.906 billion) and Italy ($1.16 billion) in the list of the largest exporters to Turkey.
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