Exports increased by 3.4% while imports decreased by 16.9%
According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in February 2019; exports were 13 billion 593 million dollars with a 3.4% increase and imports were 15 billion 727 million dollars with a 16.9% decrease compared with February 2018. Foreign trade deficit decreased by 63.1%
In February 2019 foreign trade deficit was 2 billion 134 million dollars with a 63.1% decrease compared with February 2018. In February 2019, exports coverage imports was 86.4% while it was 69.4% in February 2018. Seasonally and calendar adjusted exports decreased by 0.2%
Seasonally and calendar adjusted exports decreased by 0.2% while imports increased by 2.8% compared with previous month. Calendar adjusted exports increased by 3.4% while imports decreased by 16.9% compared with February 2018.The main partner for exports was Germany, for imports was Russia
In February 2019, the main partner country for exports was Germany with 1 billion 225 million dollars. The country was followed by the United Kingdom with 857 million dollars, Italy with 815 million dollars and Spain with 741 million dollars. The top country for Turkey's imports was Russia with 1 billion 577 million dollars. The country was followed by China with 1 billion 371 million dollars, Germany with 1 billion 347 million dollars and USA with 842 million dollars.Ratio of exports of high-tech products in manufacturing industries was 3.4%
Foreign trade by technology intensity covers the manufacturing industries' products in classification of ISIC Rev.3. According to the ISIC Rev.3, the ratio of manufacturing industries products in total exports was 94.2% in February. The ratio of high-technology products in manufacturing industries was 3.4%. The ratio of manufacturing industries' products in total imports was 76.2%. The ratio of high-technology products in manufacturing industries' products was 15.7% in February 2019.According to general trade system exports were 14 billion 308 million dollars
According to the general trade system in February 2019, exports were 14 billion 308 million dollars with a 3.7% increase and imports were 16 billion 56 million dollars with a 19.2% decrease compared with February 2018. Exports coverage imports was 89.1% in January 2019.The next release on this subject will be on April 30, 2019.
Foreign trade statistics are calculated by using two different trading systems, namely the special trade system and the general 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 and 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 aren't covered in the calculations. In the general trade system, goods entering in or leaving from 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.
Turkish Statistical Institute will continue to publish detailed foreign trade statistics according to the special trade system. In addition, 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 2013-2019 period.