Foreign trade deficit decreases by 34.7 percent in September 2012
According to the provisional data, produced with the cooperation of Turkish Statistical Institute and Ministry of Customs and Trade, in September 2012; exports increased by 21% and reached to 13 013 Million Dollars while imports decreased by 6,4% and reached to 19 838 Million Dollars compared with September 2011.
In the same month, foreign trade deficit decreased from 10 453 Million Dollars to 6 825 Million Dollars.
Calendar adjusted exports increased by 21% and imports decreased by 2,6% compared to September 2011. Seasonally and calendar adjusted exports decreased by 6,8% and imports increased by 4,1% compared to previous month.
In September 2012 exports coverage imports was 65,6% while it was 50,7% in September 2011.
The EU’s share in exports decreased to 39,2% in September 2012
As compared to the same month of the previous year, exports to EU were 5,104 Million Dollars and. The proportion of the EU countries was 39,2% in September 2012 while it was 44,6% in September 2011.
In September 2012, the main partner country for exports was United Arab Emirates (UAE) with 1 394 Million Dollars (1 144 Million Dollars of gold for non-monetary purpose exportation) and increased by 452,3%.
In terms of exports, UAE was followed by Germany (1 116 Million Dollars), Iraq (981 Million Dollars), the United Kingdom (788 Million Dollars) and Russia (603 Million Dollars).
In September 2012, the top country for Turkey’s imports was Russia (2 439 Million Dollars) followed by China (1 820 Million Dollars), Germany (1 804 Million Dollars) and the USA (1 446 Million Dollars).
Precious stones and metals are forfront in exports according to chapters
In September 2012, “precious stones and metals” has by far the highest export record with USD 1,618 Million followed by “vehicle other than railway or tramway rolling-stock, parts thereof” (1,146 Million Dollars), “boilers, machinery and mechanical appliances, parts thereof” (1 000 Million Dollars), “iron and steel” (878 Million Dollars) and “electrical machinery and equipment” (770 Million Dollars).
In the same period, the top categories for imports were “mineral fuels and oils” (5 110 Million Dollars) and then “boilers, machinery and mechanical appliances” (2 184 Million Dollars), “iron and steel” (1 596 Million Dollars) and “electrical machinery and equipment” (1 357 Million Dollars).
02.11.2012
SOURCE: TUIK (Turkish Statistical Institute)
