Turkey Trade Gap Widens 15% YoY In February


Turkey's trade deficit increased to USD 3.69 billion in February of 2017, compared to a USD 3.21 billion gap a year earlier. Exports fell 1.9 percent ,pushed down by manufacturing sales while imports rose 1.6 percent, driven by higher purchases of mining and quarrying products.

Year-on-year, exports fell to USD 12.13 billion, mainly dragged down by a 2.5 percent fall in sales of manufacturing (93.9 percent of total exports). Also shipments declined for agriculture, hunting and forestry (- 2.8 percent) and fisheries (-16 percent). In contrast, sales of mining and quarrying increased 30.3 percent. Germany was the main export partner (9.2 percent), followed by UAE (7.7 percent), Iraq (6.0 percent) and the United Kingdom (5.8 percent).

Imports rose to USD 15.82 billion, mainly due to a 42.6 percent rise in purchases of mining and quarrying. In contrast, imports declined for manufacturing (-3.1 percent); agriculture, hunting and forestry (-14.1 percent) and fisheries (-6.1 percent). China was the main export partner (10.4 percent), followed by Germany (9.1 percent), Russia (8.2 percent) and France (4.9 percent).

Turkey Trade Gap Widens 15% YoY In February


Turkish Statistical Institute | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
3/31/2017 12:06:33 PM