Turkey Trade Deficit Widens In July on Rising Imports


In July of 2013, Turkish trade deficit increased to USD 9.8 billion, from USD 8.6 billion in the previous month and USD 8 billion a year earlier, due to higher imports.

In July, exports increased 2.2 percent year-on-year to USD 13.12 billion, from USD 12.83 billion in the same month last year. Shipments of vehicles other than railway or tramway rolling-stock led the exports, followed by boilers, machinery and mechanical appliances and knitted and crocheted goods and articles.

Exports to the EU increased by 22.7 percent year-on-year and Germany remained the main export partner, followed by Iraq, the UK and Russia.

Imports increased 10 percent year-on-year in July of 2013 to USD 22.92 billion, from USD 20.8 billion a year earlier. The top imports were recorded for mineral fuels and oils, boilers, machinery and mechanical appliances and vehicles other than railway or tramway rolling-stock. 

Turkey Trade Deficit Widens In July on Rising Imports


Turkish Statistical Institute | Joana Taborda | joana.taborda@tradingeconomics.com
8/29/2013 11:16:22 AM