Exports from Turkey increased by 2.3%, import decreased by 5.9% respectively in January 2021. Foreign trade deficit decreased by 32.8% during the report period. Turkey’s main partner for exports was Germany. The top country for imports was China.
In January 2021 exports were US$15 045 000 000 with a 2.3% increase and imports were US$18 079 000 000 with a 5.9% decrease compared with January 2020, provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, shows.
Exports, excluding energy products and non-monetary gold, were US$14 056 000 000 with a 1.2% increase in January 2021. Imports, excluding energy products and non-monetary gold, were US$14 046 000 000 with a 5.2% increase in January 2021.
Foreign trade surplus, excluding energy products and non-monetary gold, was US$9 000 000 in January 2021.
Foreign trade volume was US$28 102 000 000 with a 3.1% increase. Energy products and non-monetary gold excluded export coverage imports was 100.1%.
In January 2021 foreign trade deficit was US$3 034 000 000 with a 32.8% decrease compared with January 2020. In January 2021, exports coverage imports was 83.2%, while it was 76.5% in January 2020.
According to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 93.8%, 4.0%, 1.7%, respectively during January 2021.
In January 2021, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 76.3%, 13.9%, 9.7%, respectively.
The main partner country for exports was Germany with US$1 455 000 000. The country was followed by USA with US$ 933 000 000, Italy with US$864 000 000, United Kingdom with US$813 000 000 and France with US$738 000 000. The ratio of the first five countries in total exports was 31.9% in January 2021.
The top country for Turkey's imports was China with US$2 200 000 000. The country was followed by Russia with US$1 829 000 000, Germany with US$1 511 000 000, Iraq with US$809 000 000 and USA with US$729 000 000. The ratio of first five countries in total imports was 39.1% in January 2021.
During the report period, while seasonally and calendar adjusted exports increased by 1.6%, imports decreased 2.7% compared with previous month. In January 2021, while calendar adjusted exports increased by 9.3%, imports decreased 0.4% respectively compared with January 2020.
Foreign trade by technology intensity covers the manufacturing industries' products in classification of ISIC Rev.4. According to the ISIC Rev.4, the ratio of manufacturing industries products in total exports was 93.8% in January 2021. The ratio of high-technology products in manufacturing industries exports was 3.0%.
The ratio of manufacturing industries' products in total imports was 78.7%. The ratio of high-technology products in manufacturing industries' imports was 13.6% in January 2021.
According to the special trade system, in January 2021, exports were US$14 279 000 000 with a 3.1% increase and imports were 17 827 000 000 with a 3.7% decrease compared with January 2020.
In January 2021 foreign trade deficit was US$3 548 000 000 with a 24.1% decrease compared with January 2020.
Exports coverage imports was 80.1%, while it was 74.8% in January 2020.
