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Turkey’s foreign trade statistics announced for November

by ChemOrbis Editorial Team - content@chemorbis.com
  • 31/12/2014 (13:05)
According to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat), Turkey’s exports and imports moved in different directions in November. Exports decreased 7.5% year over year to $13.132 billion while imports climbed 0.2% to reach $21.448 billion when compared to the same period of 2013. Turkey’s foreign trade deficit was also up 15.3% to reach $8.316 billion from $7.213 billion recorded in October.

The country’s seasonally and calendar adjusted exports decreased 3.3% while imports expanded by 10% compared with the previous month. On a yearly basis, calendar adjusted exports were down 4.6% while imports increased 4.6% in November.

Exports to the European Union decreased by 8.3% year over year to $5.744 billion in November. Germany was Turkey’s top export destination, with exports to the country reaching $1.26 billion. Germany was followed by Iraq ($943 million), the United Kingdom ($848 million), and Italy ($639 million) in the list of Turkey’s top export destinations.

The top importer to Turkey was Russia, with imports valued at $2.50 billion. Russia was followed by China ($2.29 billion), Germany ($1.905 billion) and Switzerland ($1.168 billion) in the list of the largest importers to Turkey.
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