Turkish Trade Gap Widens in September

Turkey's trade deficit rose by 6.6 percent to USD 2.06 billion in September 2019 from USD 1.93 billion in the corresponding month of the previous year. Exports increased 0.3 percent while imports went up at a faster 1.0 percent.
Turkish Statistical Institute l Chusnul Ch Manan | chusnul@tradingeconomics.com 10/31/2019 8:26:20 AM
Exports advanced 0.3 percent from a year earlier to USD 14.44 billion in September, as shipments of manufactured products, which accounted for 94.2 percent of total sales, edged up 0.1 percent. Also, exports of fisheries and agriculture, hunting and forestry rose 5.4 and 13.1 percent, respectively. By contrast, exports of  mining & quarrying fell 9.0 percent. Among major trading partners, exports rose to the US (1.4 percent), the UK (0.2 percent), Iraq (8.7 percent), Italy (4.0 percent), France (6.1 percent), and the Netherlands (15.1 percent). Conversely, shipments decreased to Germany (-10.1 percent), and Spain (-7.4 percent).

Imports went up 1.0 percent to USD 16.49 billion in September. Purchases of intermediate goods, which accounted for 77.8 percent of total imports, inched lower 0.1 percent, but those of capital goods and consumption goods increased 0.6 percent and 15.0 percent, respectively. Among major trading partners, imports advanced from Russia (7.9 percent), France (5.8 percent), Iraq (117.0 percent), China (1.7 percent), Germany (5.1 percent), and Italy (7.2 percent), while decreased from the US (-8.1 percent), India (-9.5 percent), and South Korea (-10.1 percent).
 
From January to September, the country's trade gap narrowed considerably by 55.7 percent to USD 22.66 billion.




Turkish Trade Gap Widens in September