Foreign Trade Statistics Announced

Foreign Trade Statistics Announced

According to the general trading system, exports increased by 6.4 percent and imports increased by 18.8 percent. According to temporary foreign trade data produced under the general trade system; In January 2020, exports increased by 6.4 percent compared to the same month of the previous year and were realized as 14 billion 759 million dollars, and imports increased by 18.8 percent to 19 billion 207 million dollars. FOREIGN TRADE DEFICIT INCREASED BY 94.3 PERCENT In January, the foreign trade deficit increased by 94.3 percent, from 2 billion 290 million dollars to 4 billion 448 million dollars. The ratio of exports to imports fell from 85.8 percent in January 2019 to 76.8 percent in January 2020. IN JANUARY, THE SHARE OF MANUFACTURING INDUSTRY IN TOTAL EXPORTS IS 94.1 PERCENT According to economic activities, the share of the manufacturing industry was 94.1 percent, the share of the agriculture, forestry and fisheries sector was 3.9 percent and the share of the mining and quarrying sector was 1.7 percent in January 2020. IN JANUARY, THE SHARE OF INTERMEDIATE GOODS IN TOTAL IMPORT WAS 78.1 PERCENT According to the broad classification of economic groups, the share of intermediate goods in imports was 78.1 percent, the share of capital goods was 12.0 percent and the share of consumer goods was 9.4 percent in January 2020. GERMANY WAS THE MOST EXPORTED COUNTRY IN JANUARY Germany took first place in exports in January. While exports to Germany were 1 billion 415 million dollars, this country was; Italy with 888 million dollars, United Kingdom with 869 million dollars, Iraq with 816 million dollars and the USA with 746 million dollars. Exports to the top 5 countries accounted for 32.1 percent of total exports. SHARE IN PRODUCTION INDUSTRY EXPORT OF HIGH-TECHNOLOGY PRODUCTS IS 3.0 PERCENT Foreign trade data according to the technology intensity includes the manufacturing industry products in the ISIC Rev.4 classification. According to ISIC Rev.4 in January, the share of manufacturing industry products in total exports was 94.1 percent. The share of high-tech products in the export of manufacturing industry products is 3.0 percent. The share of manufacturing industry products in total imports was 75.8 percent in January. The share of high-tech products in manufacturing industry products imports is 13.0 percent. According to the private trade system, exports reached 13 billion 903 million dollars in January 2020. According to the private trade system, exports increased by 5.5 percent in January 2020 compared to the same month of the previous year and were realized as 13 billion 903 million dollars, while imports increased by 18.1 percent to 18 billion 507 million dollars. In January, the foreign trade deficit increased by 84.8 percent, from 2 billion 491 million dollars to 4 billion 603 million dollars. The ratio of exports to imports fell from 84.1 percent in January 2019 to 75.1 percent in January 2020.