Turkish Trade Gap Narrows by 20.3% in March


Trade deficit in Turkey dropped by 20.3 percent to USD 4.946 billion in March of 2016, compared to a USD 6.205 billion gap a year earlier, as exports grew 2.3 percent while imports fell 5.2 percent.

Shipments increased to USD 12.8 billion as fisheries (+19.2 percent) and manufacturing (+3 percent) went up while mining and quarrying (-13.4 percent), agriculture, hunting and forestry (-6.1 percent) and others (-28.8 percent) decreased. Main export partner was the United Kingdom with $ 1.386 billion, followed by Germany ($ 1.219 billion), Iraq ($ 652 million) and Italy ($ 609 million).

Purchases went down to USD 17.7 billion as mining and quarrying (-42.2 percent); fisheries (-18.3 percent); agriculture, hunting and forestry (-6.1 percent) and others (-9.7 percent) fell. In contrast, imports of manufacturing (+1.7 percent) rose. The top country for Turkey’s imports was China ($ 2.273 billion), followed by Germany ($ 2.22 million), Russia ($1.395 million) and the USA ($ 1.8 million).

In March 2016, exports coverage imports was 72.1%, while it was 66.9% in March 2015.


Turkstat | Mojdeh Kazemi | mojdeh@tradingeconomics.com
4/29/2016 11:34:38 AM