Turkish Trade Deficit Widens 7.6% YoY in September

In September, Turkey’s trade deficit widened to USD 7.5 billion, up from USD 6.9 billion reported in September of 2012, due to rising imports.

In September, exports amounted to USD 13 billion, a 1.3 percent increase compared with September of 2012. Vehicles other than railway or tramway showed the highest value exported at USD 1.6 billion and then boilers, machineries and mechanical appliances, followed by electrical machineries and equipment, and knitted and crocheted goods and articles.

Shipments to the European Union increased by 10.2 percent over a year ago to USD 5.7 billion. The main partner country for exports was Germany followed by Iraq, the United Kingdom and Russia.

Imports amounted to USD 20.7 billion, showing a 3.5 percent increase. The top categories for imports were mineral fuels and oils, and then machinery and mechanical appliances, followed by iron and steel, electrical machineries and equipment and vehicles other than railway or tramway. 

The top country for Turkey’s imports was China, followed by Russia, Germany and Italy. 

Turkish Trade Deficit Widens 7.6% YoY in September

Turkish Statistical Institute | Krisztina Györffy | krisztina@tradingeconomics.com
10/31/2013 10:40:53 AM