Exports and imports rise by 5.9%, 1.4% in January-February 2021, TurkStat says
In January-February 2021 period, exports were 31 billion 38 million dollars with 5.9% increase and imports were 37 billion 388 million dollars with 1.4% increase compared with January-February 2020, the Turkish Statistical Institute (TurkStat) said.
Energy products and non-monetary gold excluded exports and imports increased by 9.7%, 17.9% respectively in February, according to the statement.
Exports, excluding energy products and non-monetary gold, were 15 billion 307 million dollars with a 9.7% increase in February 2021. Imports, excluding energy products and non-monetary gold, were 15 billion 531 million dollars with a 17.9% increase in February 2021.
The foreign trade deficit, excluding energy products and non-monetary gold, was 224 million dollars in February 2021.
Foreign trade volume was 30 billion 839 million dollars with a 13.7% increase. Energy products and non-monetary gold excluded export coverage imports was 98.6%.
The foreign trade deficit increased by 8.7% in February 2021
In February 2021 foreign trade deficit was 3 billion 299 million dollars with an 8.7% increase compared with February 2020. In February 2021, exports coverage imports was 82.9%, while it was 82.8% in February 2020.
The foreign trade deficit decreased by 15.9% in January-February 2021
In January-February 2021 period, the foreign trade deficit was 6 billion 350 million dollars with a 15.9% decrease compared with January-February 2020. In the same period, exports coverage imports was 83.0% while it was 79.5% in January-February 2020.
The ratio of manufacturing industries products in total exports was 94.2% in February 2021
In February 2021, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining, and quarrying in total exports were 94.2%, 3.6%, 1.8%, respectively.
In January-February 2021 period, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.0%, 3.8%, 1.7%, respectively.
The ratio of intermediate goods in total imports was 75.1% in February 2021
In February 2021, according to the BEC classification, the ratios of intermediate goods, capital goods, and consumption goods in total imports were 75.1%, 13.7%, 10.9%, respectively.
In January-February 2021 period, according to the BEC classification, the ratios of intermediate goods, capital goods, and consumption goods in total imports were 75.7%, 13.8%, 10.3%, respectively.
The main partner for exports was Germany in February 2021
In February 2021, the main partner country for exports was Germany with 1 billion 498 million dollars. The country was followed by the United Kingdom with 965 million dollars, the USA with 917 million dollars, Italy with 833 million dollars, and France with 755 million dollars. The ratio of the first five countries in total exports was 31.0% in February 2021.
In January-February 2021 period, the main partner country for exports was Germany with 2 billion 952 million dollars. The country was followed by USA with 1 billion 849 million dollars, the United Kingdom with 1 billion 778 million dollars, Italy with 1 billion 698 million dollars and France with 1 billion 492 million dollars. The ratio of the first five countries in total exports was 31.5% in January-February 2021.
The main partner for imports was China in February 2021
In February 2021, the top country for Turkey's imports was China with 2 billion 241 million dollars. The country was followed by Russia with 1 billion 706 million dollars, Germany with 1 billion 701 million dollars, Italy with 931 million dollars, and the USA with 850 million dollars. The ratio of the first five countries in total imports was 38.5% in February 2021.
In January-February 2021 period, the top country for Turkey's imports was China with 4 billion 440 million dollars. The country was followed by Russia with 3 billion 534 million dollars, Germany with 3 billion 212 million dollars, Italy with 1 billion 602 million dollars, the USA with 1 billion 579 million dollars. The ratio of the first five countries in total imports was 38.4% in January-February 2021.
Seasonally and calendar adjusted exports decreased by 1.9%
In February 2021, while seasonally and calendar adjusted exports decreased by 1.9%, imports increased 1.1% compared with the previous month. In February 2021, calendar-adjusted exports and imports increased by 10.6%, 10.0% respectively compared with February 2020.
The ratio of exports of high-tech products in manufacturing industries was 3.0%
Foreign trade by technology intensity covers the manufacturing industries' products in the classification of ISIC Rev.4. According to the ISIC Rev.4, the ratio of manufacturing industries products in total exports was 94.2% in February 2021. The ratio of high-technology products in manufacturing industries exports was 3.0%. The ratio of manufacturing industries products in total exports was 94.0% in January-February 2021.In January-February 2021 period, the ratio of high-technology products in manufacturing industries exports was 3.0%.
The ratio of manufacturing industries' products in total imports was 79.6%. The ratio of high-technology products in manufacturing industries' imports was 12.5% in February 2021. The ratio of manufacturing industries' products in total imports was 79.2% in January-February 2021. The ratio of high-technology products in manufacturing industries' imports was 13.0% in January-February 2020.
According to the special trade system, exports were 15 billion 102 million dollars in February 2021
According to the special trade system, in February 2021, exports were 15 billion 102 million dollars with an 8.8% increase and imports were 18 billion 581 million dollars with a 9.1% increase compared with February 2020.
In February 2021 foreign trade deficit was 3 billion 480 million dollars with a 10.4% increase compared with February 2020.
Exports coverage imports was 81.3%, while it was 81.5% in February 2020.
Exports were 29 billion 365 million dollars in January-February 2021
According to the special trade system, exports were 29 billion 365 million dollars with a 5.9% increase and imports were 36 billion 408 million dollars with a 2.4% increase compared with January-February 2020.
In January-February 2021 period, the foreign trade deficit was 7 billion 43 million dollars with a 10.0% decrease compared with January-February 2020.
Exports coverage imports was 80.7%, while it was 78.0% in January-February 2020.
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