Turkey's exports increased by 25.4 percent in February compared to the same month of the previous year ?.

Turkey's exports increased during February 2022

Date:

Thursday, March 31, 2022

Turkey's exports increased by 25.4 percent in February compared to the same month of the previous year ?.

Turkey’s exports increased during February 2022 Turkey

’s exports increasedby 25.4 percent in February compared to the same month of the previous year, to reach 20 billion and 4 million dollars, while imports increased by 44.5 percent, to reach 27 billion and 885 million dollars.

In this context, the provisional foreign trade data for February, which was created in cooperation with the Turkish Statistical Institute and the Ministry of Commerce, was announced.

Accordingly, and according to the provisional foreign trade data issued within the scope of the general trade system; In February 2022, exports increased by 25.4 percent, compared to the same month of the previous year, and amounted to 20 billion and 4 million dollars, while imports increased by 44.5 percent, to reach 27 billion and 885 million dollars.

From January to February, exports increased by 21.4 percent and imports increased by 49.2 percent.

According to the general trade system, exports increased by 21.4 percent in the period from January to February of 2022 compared to the same period in the previous year, and amounted to 37 billion 580 million dollars, while imports increased by 49.2 percent, to reach 55 billion 733 million dollars.

Exports, excluding energy products and non-monetary gold, increased by 25.5 percent in February 2022 from $15 billion 246 million to $19 billion 130 million.

The data revealed that in February, imports, excluding energy products and non-monetary gold, increased by 26.8 percent, from 15 billion 523 million dollars to 19 billion 690 million dollars.

The foreign trade deficit, excluding energy products and non-monetary gold, was $560 million in February.

And the volume of foreign trade increased by 26.2 percent and amounted to 38 billion and 820 million dollars.

In the aforementioned month, the ratio of exports to imports, excluding energy and gold, was 97.2 percent.

The foreign trade deficit increased in February by 135.5 percent compared to the same month of the previous year and rose from 3 billion 347 million dollars to 7 billion 881 million dollars.

While the ratio of exports to imports was 82.7 percent in February 2021, it decreased to 71.7 percent in February 2022.

From January to February, the foreign trade deficit increased by 183.3 percent, from 6 billion 408 million dollars to 18 billion 153 million dollars.

While the ratio of exports to imports was 82.8 percent in the January-February period of 2021, it decreased to 67.4 percent in the same period of 2022.

According to economic activities, the share of the manufacturing industry in February 2022 was 94.4 percent, the share of agriculture, forestry and fishing was 3.4 percent, and the share of the mining and quarrying sector was 1.5 percent.

From January to February, the share of the manufacturing industry in exports was 93.9 percent, the share of agriculture, forestry and fishing 3.7 percent, and the share of the mining and quarrying sector 1.8 percent, according to economic activities.

According to the broad classification of economic groups, in February 2022, the share of intermediate goods was 82.8%, the share of capital goods was 9.7%, and the share of consumer goods was 7.4%.

From January to February 2022, the share of intermediate goods was 83.4%, the share of capital goods was 9.8%, and the share of consumer goods was 6.8%.

Germany

Germany took first place in exports in February. While exports to Germany 1 billion 785 million dollars, this country respectively. United States 1 billion 299 million dollars, United Kingdom 1 billion 98 million dollars, Italy 1 billion 85 million dollars, Iraq 1 billion 70 million dollars. Exports to the top five countries accounted for 31.7 percent of total exports.

Germany ranked first in exports in the January-February period. While exports to Germany 3 billion and 402 million dollars, and this country, respectively. It was followed by the United States of America with 2 billion 519 million dollars, Italy with 2 billion 109 million dollars, the United Kingdom with 2 billion 45 million dollars, and Iraq with 1 billion 953 million dollars. Exports to the top five countries accounted for 32.0 percent of total exports.

Russian Federation

The Russian Federation ranked first in imports. While imports from the Russian Federation in February amounted to 3 billion and 858 million dollars, and this country, respectively; China 3 billion 176 million dollars, Germany 1 billion 835 million dollars, the United States 1 billion 60 million dollars, India 1 billion 58 million dollars. Imports from the first five countries accounted for 39.4 percent of the total imports.

In January-February, the Russian Federation took first place in imports. While imports from the Russian Federation amounted to 8 billion and 496 million dollars, respectively. China 6 billion 270 million dollars, Germany 3 billion 275 million dollars, the United States 2 billion 339 million dollars, Italy 1 billion 780 million dollars. Imports from the top five countries accounted for 39.8 percent of the total imports.

According to the special trade system, exports increased in February 2022 by 25.2 percent compared to the same month in the previous year and amounted to 18 billion and 836 million dollars, while imports increased by 42.4 percent to reach 26 billion and 460 million dollars.

The foreign trade deficit increased in February by 116.0 percent from 3 billion 530 million dollars to 7 billion 625 million dollars. While the ratio of exports to imports was 81.0% in February 2021, it decreased to 71.2% in February 2022.

According to the special trade system, exports increased in the period from January to February 2022 by 21.3 percent compared to the same period in the previous year and amounted to 35 billion 514 million dollars, while imports increased by 46.4 percent to reach 53 billion 290 million dollars. .

From January to February, the foreign trade deficit increased by 150.1 percent from 7 billion 108 million dollars to 17 billion 776 million dollars. While the ratio of exports to imports was 80.5 percent in the January-February period of 2021, it decreased to 66.6 percent in the same period of 2022.

Turkey's exports increased during February 2022

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