2018 Foreign Trade Figures Announced

Turkey's exports, compared to 2018 increased by 7 percent a year earlier rose to $ 168 billion, 23 million, imports decreased by 4.6 percent to 223 billion 39 million dollars. Foreign trade deficit was $ 55 billion 16 million, down 28.4 percent.

Turkey Statistical Institute with the Ministry of Commerce created in cooperation with the provisional foreign trade data have been announced for 2018.

Accordingly, exports increased by 7 percent compared to 2017, reaching $ 168 billion 23 million from 156 billion 993 million dollars last year. In the same period, imports decreased by 4.6 percent from 233 billion 800 million to 223 billion 39 million dollars.

Foreign trade deficit fell 28.4 percent from 76 billion 807 million dollars to 55 billion 16 million dollars.

While the ratio of exports to imports was 67.1 percent in 2017, it increased to 75.3 percent by the end of last year.

EU exports reach 6 billion 550 million dollars

Turkey's European Union (EU) exports rose 0.4 percent in December 2018 compared to the same month of the previous year, reaching 6 billion 550 million dollars.

According to the Turkey Statistical Institute with the Ministry of Commerce in cooperation with created to December 2018 concerning the provisional foreign trade statistics, exports in December last year, an increase of 0.2 percent compared to the same month of 2017, 13 billion 879 million dollars, while imports increased 28.3 decreased by 16 billion $ 553 million.

The EU's share in exports was 47.1 percent in December 2017, compared to 47.2 percent in the same month of the previous year.

Exports to the EU increased by 0.4 percent compared to the same month of the previous year and reached 6 billion 550 million dollars in December last year.

Germany was the country with the highest exports last month with $ 1 billion 205 million. This country was followed by the United Kingdom at $ 893 million, Italy at $ 741 million and Iraq at $ 712 million.

Russia ranked first with 1 billion 786 million dollars in imports. Russia was followed by China with 1 billion 720 million dollars, China with 1 billion 292 million dollars and USA with 997 million dollars.

Most import and export chapters

Last month, the largest export item at the level of 2 million 163 million 760 thousand dollars "motor vehicles, tractors, bicycles, motorcycles and other land vehicles, their parts, parts, accessories" was. "Boilers, machinery, mechanical devices and tools, nuclear reactors, parts and parts thereof" ranked second with 1 billion 317 million 573 thousand dollars.

The highest import volume in the month was "Mineral fuels, mineral oils and products derived from distillation, bituminous substances, mineral waxes" with 3 billion 922 million 731 thousand dollars. This chapter was followed by "Boilers, machines, mechanical devices and tools, nuclear reactors, parts of these parts" with 1 billion 959 million 784 thousand dollars.

The share of manufacturing industry products in total exports was 92.9 percent, the share of high-tech products in the exports of manufacturing industry products was 4.3 percent, while the share of middle-high technology products was 36.4 percent.

The share of manufacturing industry products in total imports was 73.8 percent. Last year, the share of high-tech products in imports of manufacturing industry products was 16.5 percent and the share of medium-high technology products was 44.3 percent.