Exports went down by 22 percent year-on-year to $9.597 billion, due to lower sales of manufactured goods (-21.8 percent), agriculture and forestry (-29 percent), mining and quarrying (-14.5 percent) and fisheries (-12.8 percent). The main partner country for exports was Germany ($1.90 billion), followed by the United Kingdom ($650 million), Italy ($570 million) and Iraq ($469 million).
Imports shrank 19.7 percent to $13.358 billion, as purchases of intermediate goods fell 21.5 percent, capital goods declined 17 percent and consumption goods dropped 12 percent. The top country for Turkey’s imports was China ($1.924 billion), records for imports range from Russia ($1.345 billion), Germany ($1.163 billion) and Italy ($606 million).
In January 2016, exports coverage imports was 71.8 percent, while it was 73.9 percent in January 2015.