Within the scope of the general trade system created by the Turkey Statistical Institute in cooperation with the Ministry of Commerce according to the provisional foreign trade data produced; In March 2020, exports decreased by 17.8% compared to the same month of the previous year and reached 13 billion 422 million dollars, and imports increased by 3.1% to 18 billion 813 million dollars.
In the January-March period, exports decreased by 4.0%, imports increased by 10.3%.
Compared to the same period of the year, it decreased by 4.0% to 42 billion 749 million dollars, and imports increased by 10.3% to 55 billion 655 million dollars.
Foreign trade deficit increased by 181.6% in March
In March, foreign trade deficit increased by 181.6%, from 1 billion 915 million dollars to 5 billion 391 million dollars. The ratio of exports to imports fell from 89.5% in March 2019 to 71.3% in March 2020.
Foreign trade deficit increased by 117.3% in January-March period
In the January-March period, foreign trade deficit increased by 117.3%, from 5 billion 938 million dollars to 12 billion 906 million dollars. The ratio of exports to imports fell from 88.2% in the January-March period of 2019 to 76.8% in the same period of 2020.
Export, import and foreign trade balance, March 2020
The manufacturing industry’s share in total exports was 94.7% in March
According to economic activities, in March 2020, the share of the manufacturing industry was 94.7%, the share of the agriculture, forestry and fisheries sector was 3.3%, and the mining and quarrying sector was 1.5%.
In the January-March period of 2020, the share of the manufacturing industry in exports was 94.6%, the share of the agriculture, forestry and fisheries sector was 3.5%, and the mining and quarrying sector was 1.5%.
The share of intermediate goods in total imports was 75.3% in March
According to the classification of broad economic groups, the share of intermediate goods in imports was 75.3%, the share of capital goods was 13.6% and the share of consumer goods was 11.0% in March 2020.
According to the classification of broad economic groups, the share of intermediate goods was 76.5%, the share of capital goods was 12.7% and the share of consumer goods was 10.5% in the January-March period of 2020.
Germany was the most exported country in March
Germany took the first place in exports in March. While exports to Germany amounted to 1 billion 282 million dollars, this country, respectively; The United States with $ 880 million, the United Kingdom with $ 801 million, Italy with $ 541 million and Spain with $ 507 million. Exports to the first 5 countries accounted for 29.9% of total exports.
Germany took the first place in exports in the January-March period. While exports to Germany amounted to 4 billion 36 million, this country; The United Kingdom with 2 billion 525 million dollars, the USA with 2 billion 366 million dollars, Iraq with 2 billion 211 million dollars and Italy with 2 billion 191 million dollars. Exports to the top 5 countries accounted for 31.2% of total exports.
