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Turkey’s foreign trade statistics announced for September

by ChemOrbis Editorial Team - content@chemorbis.com
  • 30/10/2015 (15:22)
According to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat), Turkey’s exports and imports both continued to decline in September. Exports plunged 14.2% to $11.659 billion while imports posted a larger decrease of 25.2% to $15.401 billion, respectively, in September from a year earlier. Turkey’s foreign trade deficit, meanwhile, dipped 46.6% to $3.742 billion from $7.013 billion in the same month of 2014.

The country’s seasonally and calendar adjusted exports and imports, meanwhile, rose 5.1% and 2.7%, respectively in September compared with the previous month. Turkey’s calendar adjusted exports, however, slid 2.9% while imports dropped 14.8% from a year earlier.

Turkey’s exports to the European Union dropped 7.7% on the year to $5.508 billion in September from $5.970 billion in the same month of 2014. Germany continued to be Turkey’s top export destination, with exports reaching $1.138 billion. Germany was followed by the UK ($959 million), Iraq ($607million) and Italy ($583 million) as the main destinations for Turkish exports.

In September, China remained the largest source of Turkey’s imports, with imports worth $1.968 billion. China was followed by Germany ($1.607 billion), Russia ($1.423 billion) and the USA ($1.023 billion) in the list of the largest exporters to Turkey.
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