Turkstat announced the January 2019 Foreign Trade Statistics. Accordingly, exports increased by 5.9 percent while imports decreased by 27,2 percent. Foreign trade deficit decreased by 72.5 percent, declined to 2 billion 503 million dollars.

Foreign trade statistics are calculated by using two different trading systems, namely the special trade system and the general trade system.

Turkiye and member countries of the European Union publish foreign trade statistics according to the special trade system.In the special trade system, data of customs warehouses and free zones are not included in statistics. However, goods entering in or leaving from the free circulation area of a country are covered. In the special trade system, free zones and customs warehouses are not included in the statistical region of that country.

For this reason, goods sent from free zones, warehouses to the country and goods sent from the country to free zones and customs warehouses are covered in the calculations but trade between these regions and third countries are not covered in the calculations.

In the general trade system, goods entering in or leaving from the economic area of the country are covered in statistics. In the general trade system, goods entering in free zones, customs warehouses and free circulation area, which constitute the economic area of the country, or leaving from these areas are covered in the calculations.In this context, Turkish Statistical Institute will continue to publish detailed foreign trade statistics according to the special trade system. In addition, starting from January 2019, annual and monthly total foreign trade statistics by the general trade system will be given in a bulletin table and in a statistical table including the 2013-2019 period.Exports increased by 5.9% while imports decreased by 27.2%According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in January 2019; exports were 13 billion 170 million dollars with a 5.9%  increase and imports were 15 billion 673 million dollars with a 27.2% decrease compared with January 2018. Foreign trade deficit decreased by 72.5% In January 2019 foreign trade deficit was 2 billion 503 million dollars with a 72.5% decrease compared with January 2018. In January 2019, exports coverage imports were 84% while it was 57.8% in January 2018. Seasonally and calendar adjusted exports  increased by 5.4%Seasonally and calendar adjusted exports and imports increased by 5.4% and 4.9%, respectively compared with the previous month. Calendar adjusted exports increased by 6% and imports decreased by 27.1% compared with January 2018.

The main partner for exports was Germany, for imports was RussiaIn January 2019, the main partner country for exports was Germany with 1 billion 289 million dollars. The country was followed by the United Kingdom with 937 million dollars and Italy with 783 million dollars. The main partner country for imports was Russia with 1 billion 709 million dollars.

The country was followed by China with 1 billion 462 million dollars and Germany with 1 billion 199 million dollars.

The ratio of exports of high-tech products in the manufacturing industries was 3%Foreign trade by technology intensity covers the manufacturing industries' products in the classification of ISIC Rev.3. According to the ISIC Rev.3, the ratio of manufacturing industries products in total exports was 93.4% in January.

The ratio of high-technology products in manufacturing industries was 3%. The ratio of medium-high-technology products in manufacturing industries' products was 35.1%.

The ratio of manufacturing industries' products in total imports was 72.7%. The ratio of high-technology products in manufacturing industries' products was 15.2% in January 2019. The ratio of medium-high-technology products in manufacturing industries' products was 40.8%.

According to general trade system exports were 13 billion 906 million dollars According to the general trade system in January 2019, exports were 13 billion 906 million dollars with a 6.3% increase and imports were 16 billion 166 million dollars with a 27.1% decrease compared with January 2018. Exports coverage imports were 86% in January 2019.

ILKHA