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Turkey’s foreign trade statistics reported for September

by ChemOrbis Editorial Team - content@chemorbis.com
  • 31/10/2014 (11:37)
Turkey’s exports and imports moved in opposite directions in September, according to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat). Exports climbed 4.6% on the year to $13.66 billion while imports declined 0.2% to reach $20.58 billion when compared to the same period of 2013. The country’s foreign trade deficit also contracted 8.4% to reach $6.92 billion in September.

Seasonally and calendar adjusted exports were also up 4.8% while imports decreased 1% month over month. On an annual basis, calendar adjusted exports increased by 1.4% while imports declined by 4.1% in September.

Exports to the European Union advanced by 7.1% on the year to reach $6.2 billion in September. Germany was Turkey’s top export destination, with exports to the country reaching $1.32 billion. Germany was followed by the United Kingdom ($921 million), Iraq ($911 million) and the US ($602 million) in the list of Turkey’s top export destinations.

The leading importer to Turkey was China, with imports valued at $2.31 billion. China was followed by Russia ($2.25 billion), Germany ($1.85 billion) and the US ($1.71 billion) in the list of the largest importers to Turkey.
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