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Turkey’s foreign trade statistics announced for November

by ChemOrbis Editorial Team - content@chemorbis.com
  • 31/12/2015 (13:55)
According to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat), Turkey’s exports and imports both declined in November. Exports plunged 10.2% to $11.738 billion while imports posted a larger decrease of 25.3% to $15.974 billion, respectively, in November from a year earlier. Turkey’s foreign trade deficit, meanwhile, dipped 49.1% to $4.236 billion from $8.317 billion in the same month of 2014.

The country’s seasonally and calendar adjusted exports and imports also decreased 6.8% and 6.3%, respectively in November compared with the previous month. Turkey’s calendar adjusted exports slid 10.2% while imports dropped 27.1% from a year earlier.

Turkey’s exports to the European Union dropped 1.5% on the year to $5.631 billion in November from $5.720 billion in the same month of 2014. Germany continued to be Turkey’s top export destination, with exports reaching $1.199 billion. Germany was followed by the UK ($867 million), Iraq ($789 million) and Italy ($616 million) as the main destinations for Turkish exports.

In November, China remained the largest source of Turkey’s imports, with imports worth $2 billion. China was followed by Germany ($1.727 billion), Russia ($1.374 billion) and the Italy ($883 million) in the list of the largest exporters to Turkey.
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