Turkey Trade Gap Narrows 16% in April


Turkey's trade deficit dropped 16.3 percent to $4.21 billion in April of 2016, compared to a $5.24 billion gap a year earlier. Exports went down 10.2 percent to to $11.98 billion, due to lower sales of manufactured goods (-10.8 percent); while imports declined at a faster 11.9 percent, as purchases of fisheries (-46.9 percent) and mining and quarrying (-36.3 percent) fell by the most.

Exports went down by 10.2 percent year-on-year to $11.98 billion from $13.35 billion, due to lower sales of manufactured goods (-10.8 percent) and mining and quarrying (-0.8 percent), while exports of fisheries (+13.2 percent) and agriculture and forestry (+3.7 percent) rose. The main partner country for exports was Germany ($1.20 billion), followed by the United Kingdom ($838 million), Italy ($630 million) and the US ($583 million).

Imports shrank 11.9 percent to $16.19 billion from $18.37 a year earlier, as purchases of fisheries fell 46.9 percent, mining and quarrying declined 36.3 percent and manufactured goods dropped 9.4 percent; while imports of agriculture and forestry rose 9.1 percent. The top country for Turkey’s imports was China ($1.83 billion), Germany ($1.81 billion), Russia ($1.15 billion) and the US ($936 million).

In the first four months of 2016, the trade deficit shrank 19.7 percent to $16.29 billion from $20.28 billion in the same period of 2015, as exports declined 7.4 percent while imports fell at a faster 10.9 percent.

Turkey Trade Gap Narrows 16% in April


Turkstat l Joana Ferreira | joana.ferreira@tradingeconomics.com
5/31/2016 8:51:06 AM