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Turkey’s imports, exports increase in September

by ChemOrbis Editorial Team -
  • 01/11/2017 (15:20)
According to data from the Ministry of Customs and Trade and the Turkish Statistical Institute (TurkStat), Turkey’s exports and imports posted increases in September. Exports rose by 0.1% while imports surged considerably by 30.6% in September from a year earlier.

The country’s seasonally and calendar adjusted exports decreased by 5% while imports grew 10.5% compared with August. The calendar adjusted export volume index increased by 11.3% to on a yearly basis. The calendar adjusted import volume index also grew by 2.2% in September 2017.

Turkey’s exports to the European Union increased by 7.9% year-on-year to $5.94 billion in September from $5.469 billion in the same month of 2016. Germany was Turkey’s top export destination, with exports reaching $1.914 billion. Germany was followed by the United Kingdom ($766 million), the USA ($678 million) and Iraq ($654 million) as the main destinations for Turkish exports.

In September, China remained as the largest source of Turkey’s imports, with imports worth $2.142 billion. China was followed by Germany ($1.914 billion), Russia ($1.821 billion) and the USA ($999 million) in the list of the largest exporters to Turkey.
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