November Export and Import Data Announced

November Export and Import Data Announced November export and import data were announced. Exports decreased by 0.95 percent while imports increased by 16.07 percent. The data bulletin consisting of the temporary foreign trade statistics of the Ministry of Trade for November was published. According to the General Trade System (GTS), exports decreased by 0.95 percent in November compared to the same month last year and reached $ 16 billion 88 million. Turkey's most important export market in the second Covid-19 pandemic wave in the European Union (EU) and the calendar effect of shrinking economy, adversely affected the export of November. Imports reached 21 billion 158 million dollars with an increase of 16.07 percent, the foreign trade volume increased by 8.05 percent to 37 billion 246 million dollars, and the foreign trade deficit increased by 155.37 percent to 5 billion 71 million dollars. The ratio of exports to imports was 76 percent; The ratio of exports (excluding gold) to imports reached 86.3 percent. Last month, the highest export was made in the "raw materials (intermediate goods)" group with 7 billion 242 million dollars. This group was followed by "consumer goods" with 6 billion 690 million dollars and "investment (capital) goods" with 2 billion 37 million dollars. In November, the section with the highest exports was recorded as "motor vehicles, tractors, bicycles, motorcycles, other land vehicles" with 2 billion 372 million dollars. This was followed by "boilers, machinery, mechanical devices and tools, nuclear reactors" with $ 1 billion 573 million and "electrical machinery and devices, television video-audio recording-transmitting devices" with $ 897 million. Last month, the most exported country was Germany with 1 billion 511 million dollars. This country was followed by the UK with 1 billion 93 million dollars, followed by Iraq with 952 million dollars.