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Turkey’s foreign trade statistics announced for October

by ChemOrbis Editorial Team - content@chemorbis.com
  • 30/11/2015 (11:07)
According to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat), Turkey’s exports and imports moved in a different direction in October. Exports increased 3.1% to $13.290 billion while imports posted a decrease of 11.9% to $16.911 billion in October from a year earlier. Turkey’s foreign trade deficit, meanwhile, slid 42.5% to $3.621 billion from $6.293 billion in the same month of 2014.

The country’s seasonally and calendar adjusted exports and imports, meanwhile, declined 2.1% and 1.2%, respectively, in October compared with the previous month. Turkey’s calendar adjusted exports also slipped 6.5% while imports dropped 17.7% from a year earlier.

Turkey’s exports to the European Union rose 10.7% on the year to $6.288 billion in October from $5.680 billion in the same month of 2014. Germany continued to be Turkey’s top export destination, with exports reaching $1.320 billion. Germany was followed by the UK ($986 million), Iraq ($870 million) and Italy ($707 million) as the main destinations for Turkish exports.

In October, China remained the largest source of Turkey’s imports, with imports worth $2.270 billion. China was followed by Germany ($1.820 billion), Russia ($1.517 billion) and Italy ($925 million) in the list of the largest exporters to Turkey.
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