Turkey’s foreign trade deficit increases by 153.5% in November
Turkish Statistical Institute has released a statement regarding foreign trade statistics in November.
According to the statement, general trade system exports decreased by 0.9%, imports increased 15.9% in November 2020.
Exports were 16 billion 94 million dollars with a 0.9% decrease and imports were 21 billion 127 million dollars with a 15.9% increase compared with November 2019, the statement said.
Exports decreased by 8.3% and imports increased by 3.5% in January-November 2020
In January-November 2020 period, exports were 151 billion 670 million dollars with 8.3% decrease and imports were 197 billion 14 million dollars with 3.5% increase compared with January-November 2019.
Energy products and non-monetary gold excluded exports and imports increased by 1.6%, 20.3% respectively in November
Exports, excluding energy products and non-monetary gold, were 15 billion 682 million dollars with a 1.6% increase in November 2020. Imports, excluding energy products and non-monetary gold, were 16 billion 20 million dollars with a 20.3% increase in November 2020.
Foreign trade deficit, excluding energy products and non-monetary gold, was 338 million dollars in November 2020.
Foreign trade volume was 31 billion 702 million dollars with a 10.2% increase. Energy products and non-monetary gold excluded export coverage imports was 97.9%.
The foreign trade deficit increased by 153.5% in November 2020
In November 2020 foreign trade deficit was 5 billion 33 million dollars with a 153.5% increase compared with November 2019.
In November 2020, exports coverage imports was 76.2%, while it was 89.1% in November 2019.
The foreign trade deficit increased by 82.5% in January-November 2020
In January-November 2020 period, foreign trade deficit was 45 billion 344 million dollars with a 82.5% increase compared with January-November 2019. In the same period, exports coverage imports was 77.0% while it was 86.9% in January-November 2019.
The ratio of manufacturing industries products in total exports was 93.5% in November 2020
In November 2020, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 93.5%, 4.1%, 1.9%, respectively.
In January-November 2020 period, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.4%, 3.4%, 1.7%, respectively.
The ratio of intermediate goods in total imports was 72.3% in November 2020
In November 2020, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 72.3%, 14.8%, 12.4%, respectively.
In January-November 2020 period, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 74.5%, 14.4%, 10.9%, respectively.
The main partner for exports was Germany in November 2020
In November 2020, the main partner country for exports was Germany with 1 billion 515 million dollars. The country was followed by United Kingdom with 1 billion 94 million dollars, Iraq with 953 million dollars, USA with 905 million dollars, Italy with 800 million dollars. The ratio of the first five countries in total exports was 32.7% in November 2020.
In January-November 2020 period, the main partner country for exports was Germany with 14 billion 406 million dollars. The country was followed by the United Kingdom with 10 billion 131 million dollars, USA with 9 billion 101 million dollars, Iraq with 8 billion 160 million dollars and Italy with 7 billion 228 million dollars. The ratio of the first five countries in total exports was 32.3% in January-November 2020.
The main partner for imports was Germany in November 2020
In November 2020, the top country for Turkey's imports was Germany with 2 billion 352 million dollars. The country was followed by China with 2 billion 238 million dollars, Russia with 1 billion 722 million dollars, Switzerland with 1 billion 570 million dollars and Italy with 952 million dollars. The ratio of first five countries in total imports was 41.8% in November 2020.
In January-November 2020 period, the top country for Turkey's imports was China with 20 billion 538 million dollars. The country was followed by Germany with 19 billion 321 million dollars, Russia with 15 billion 864 million dollars, USA with 10 billion 670 million dollars and Italy with 8 billion 127 million dollars. The ratio of first five countries in total imports was 37.8% in January-November 2020.
Seasonally and calendar adjusted exports decreased by 4.1%
In November 2020, seasonally and calendar adjusted exports decreased by 4.1% imports increased 8.3% compared with previous month. In November 2020, while calendar adjusted exports remained the same, imports increased by 15.9%, respectively compared with November 2019.
Ratio of exports of high-tech products in manufacturing industries was 3.3%
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 93.5% in November 2020. The ratio of high-technology products in manufacturing industries exports was 3.3%. In January-November 2020 period, the ratio of high-technology products in manufacturing industries exports was 3.4%.
The ratio of manufacturing industries' products in total imports was 82.9%. The ratio of high-technology products in manufacturing industries' imports was 12.0% in November 2020. The ratio of manufacturing industries' products in total imports was 81.9% in January-November 2020. The ratio of high-technology products in manufacturing industries' imports was 13.1% in January-November 2020.
According to the special trade system, exports were 15 billion 311 million dollars in November 2020
According to the special trade system, in November 2020, exports were 15 billion 311 million dollars with a 0.9% decrease and imports were 19 billion 849 million dollars with a 11.9% increase compared with November 2019.
In November 2020 foreign trade deficit was 4 billion 538 million dollars with a 99.0% increase compared with November 2019.
Exports coverage imports was 77.1%, while it was 87.1% in November 2019.
Exports were 143 billion 625 million dollars in January-November 2020
According to the special trade system, exports were 143 billion 625 million dollars with a 8.4% decrease and imports were 188 billion 380 million dollars with a 2.6% increase compared with January-November 2019.
In January-November 2020 period, foreign trade deficit was 44 billion 756 million dollars with a 66.5% increase compared with January-November 2019.
Exports coverage imports was 76.2%, while it was 85.4% in January-November 2019.
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