Foreign Trade Figures Fall Drastically

According to the data of the Ministry of Commerce, foreign trade figures have dropped significantly. Due to the coronavirus epidemic, exports in April decreased by 41.38 percent compared to the same month of the previous year and reached $ 8 billion 993 million, while imports decreased by 28.31 percent to $ 12 billion 957 million. According to information obtained from the Ministry of Commerce's temporary foreign trade data, exports in April decreased by 41.38 percent to $ 8 billion 993 million compared to the same period last year due to the pandemic. Imports decreased by 28.31 percent to $ 12 million 957 million. The bulletin published by the Ministry of Commerce includes unofficial foreign trade statistics for April. Considering the General Trade System (GTS), the foreign trade deficit increased by 45.11 in April to $ 3 billion 965 million. Foreign trade volume was $ 21 billion 950 million, down 34.31 percent during the period in question. The ratio of exports to imports reached 69.4 percent. Due to the coronavirus epidemic, unprecedented market and demand shrinkage seen in major export countries, particularly in EU countries, and quarantine measures at the borders were identified as the main reason for the fall in April exports. This drop-in March and April caused the arrows to turn negative in the 4-month period in exports, which increased by 4 percent in the first 2 months of the year. Due to the coronavirus epidemic, its imports also fell by a hundred percent in April. In the period from the beginning of 2020 to April, exports decreased by 13.58 percent compared to the same period of the previous year and reached 51 billion 742 million dollars, while imports increased by 0.1 percent to 68 billion 613 million dollars.

Most Exported Ones

In April, the highest exports were in the "raw material (intermediate goods)" group. In this context, 4 billion 907 million dollars of exports were realized. This order was followed by "consumer goods" with $ 3 billion 91 million and "investment (capital) goods" with $ 904 million. The highest exports were in the "raw material (intermediate goods)" group with $ 9 billion 577 million, followed by "investment goods" with $ 1 billion 952 million and "consumer goods" with $ 1 billion 397 million, respectively. The most exported section was "boilers, machinery, mechanical devices and tools" group. In addition, a total of $ 918 million was exported. This group was followed by "iron and steel" with $ 654 million and "electrical machinery and equipment" with $ 531 million, respectively. It was observed that the most imported section in April was "boilers, machinery, mechanical devices and tools" with 1 billion 545 million dollars.

Exports and Imports by Countries

In March, the highest exports were made with Germany at $ 862 million. The USA followed Germany with 606 million dollars and Iraq with 564 million dollars. The highest import was made from China, with 1 billion 559 million dollars. Germany followed this country with 1 billion 267 million dollars and the Russian Federation with 1 billion 126 million dollars. The taxes collected by the customs administrations in April were recorded as 10 billion 690 million TL. Foreign Trade According To Private Trade System According to the Private Trade System data in the said period; exports fell 41.62 percent to $ 8 billion 442 million, while imports fell 32.17 percent to $ 11 billion 844 million. The foreign trade deficit, on the other hand, increased by 13.41 percent to 3 billion 402 million dollars compared to the Private Trade System, while the foreign trade volume decreased by 36.45 percent to 20 billion 286 million dollars.

Disclosure of Company Data

As of April, the number of active limited companies is 862 thousand 86, number of commercial enterprises 681 thousand 312, number of branches 205 thousand 883, number of joint-stock companies 142 thousand 768, number of cooperatives 31 thousand 119, number of collective companies 11 thousand 369, number of commanding companies 2 thousand 17 was recorded as. The number of active firms in Turkey as of March 1 million 936 thousand 554 general, the number of jobs where artisans and craftsmen 2 million 20 thousand 150 was detected.