Turkey Statistical Institute [Turkstat], announced the foreign trade data in December 2018. Accordingly, exports increased by 0.2 percent while imports decreased by 28.3 percent.
According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in December 2018; exports were 13 billion 879 million dollars with a 0.2% increase and imports were 16 billion 553 million dollars with a 28.3% decrease compared with December 2017. Foreign trade deficit decreased by 71.1% In December 2018 foreign trade deficit was 2 billion 674 million dollars with a 71.1% decrease compared with December 2017. In December 2018, exports coverage imports were 83.8% while it was 60% in December 2017. Seasonally and calendar adjusted exports decreased by 5.5%Seasonally and calendar adjusted exports decreased by 5.5% while imports increased by 1.7% compared with the previous month. Calendar adjusted exports increased by 0.3% while imports decreased by 28.2% compared with December 2017.
Exports to the European Union increased by 0.4%As compared with the same month of the previous year, exports to the EU-28 increased by 0.4% from 6 billion 523 million dollars to 6 billion 550 million dollars. The proportion of the EU countries was 47.2% in December 2018 while it was 47.1% in December 2017. The main partner for exports was GermanyIn December 2018, the main partner country for exports was Germany with 1 billion 205 million dollars. The country was followed by the United Kingdom with 893 million dollars, Italy with 741 million dollars and Iraq with 712 million dollars. The top country for imports was RussiaIn December 2018, the top country for Turkey's imports was Russia with 1 billion 786 million dollars. The country was followed by Germany with 1 billion 720 million dollars, China with 1 billion 292 million dollars and the USA with 997 million dollars.
The ratio of exports of high-tech products in manufacturing industries was 4.3%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 92.9% in December. The ratio of high-technology products in manufacturing industries was 4.3%. The ratio of medium-high-technology products in manufacturing industries' products was 36.4%. The ratio of imports of high-tech products in manufacturing industries was 16.5% The ratio of manufacturing industries' products in total imports was 73.8%. The ratio of high-technology products in manufacturing industries' products was 16.5% in December 2018. The ratio of medium-high-technology products in manufacturing industries' products was 44.3%.
ILKHA