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Turkey’s foreign trade statistics announced for October

by ChemOrbis Editorial Team - content@chemorbis.com
  • 28/11/2014 (14:45)
Turkey’s exports increased while imports retreated in October, according to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat). Exports climbed 7.3% year over year to $12.933 billion while imports declined 1.5% to reach $19.185 billion when compared to the same period of 2013. The country’s foreign trade deficit was also down 15.8% to reach $6.252 billion in October.

Seasonally and calendar adjusted exports were down 0.9% while imports increased 0.8% when compared to the previous month. On a yearly basis, calendar adjusted exports increased by 4% while imports declined by 9.3% in October.

Exports to the European Union climbed 8.1% on the year to reach $5.711 billion in October. Germany was Turkey’s top export destination, with exports to the country reaching $1.283 billion. Germany was followed by the United Kingdom ($860 million), Iraq ($857 million) and Italy ($566 million) in the list of Turkey’s top export destinations.

The leading importer to Turkey was China, with imports valued at $2.79 billion. China was followed by Germany ($1.798 billion), Russia ($1.732 billion) and Italy ($997 million) in the list of the largest importers to Turkey.
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