Turkey Trade Deficit Widens 55.1% YOY In April

In April, Turkey´s foreign trade deficit increased to $10304 million, from $6643 million in April of 2012. Exports decreased 0.9 percent yoy to $12520 million, while imports rose 18.4 percent yoy to $22824 million.

As compared with the same month of the previous year, exports to the EU were $4936 million, increased by 2.8 percent. The proportion of the EU countries was 39.4 percent in April 2013 while it was 38 percent in April 2012.

In April 2013, the main partner country for exports was Germany with $1054 million and decreased by 4.2 percent. For exports, Germany was followed by Iraq ($919 million), the United Kingdom ($630 million) and Italy ($614 million). For April 2013, “vehicles other than railway or tramway rolling-stock, parts thereof” has by far the highest value exported at $1402 million and then, “boilers, machinery and mechanical appliances, parts thereof” ($1102 million), “iron and steel” ($954 million) and “Electrical machinery and equipment” ($749 million).

In April 2013, the top country for Turkey’s imports was Germany ($2054 million), records for imports range from China ($2014 million), Russian Federation ($1941 million) and the Switzerland ($1607 million). At the same period, the top categories for imports were “mineral fuels and oils” ($4567 million) and then “boilers, machinery and mechanical appliances” ($2710 million), “Precious stones, precious metals, pearls and articles thereof” ($2553 million) and “Iron and steel” ($1741 million).

Turkey Trade Deficit Widens 55.1% YOY In April

Turkstat | Duarte Ricardo | duarte.ricardo@tradingeconomics.com
5/31/2013 10:28:47 AM