Temporary foreign trade data for April, created in cooperation with the Turkish Statistical Institute and the Ministry of Trade, were announced.
Accordingly, in April, exports decreased by 17.1 percent compared to the same month of the previous year and amounted to 19 billion 331 million dollars, while imports decreased by 4.8 percent to 28 billion 69 million dollars.
According to the general trade system, in the January-April period of 2023, exports decreased by 3.0 percent compared to the same period of the previous year and amounted to 80 billion 869 million dollars, while imports increased by 7.1 percent to 124 billion 313 million dollars.
In April, exports excluding energy products and gold decreased by 17.2 percent, while imports increased by 3.0 percent.
Exports, excluding energy products and non-monetary gold, decreased by 17.2 percent in April 2023 from 21 billion 807 million dollars to 18 billion 50 million dollars.
In April, imports excluding energy products and non-monetary gold increased by 3.0 percent from 21 billion 219 million dollars to 21 billion 865 million dollars.
Foreign trade deficit excluding energy products and non-monetary gold was 3 billion 815 million dollars in April. Foreign trade volume decreased by 7.2 percent and amounted to 39 billion 914 million dollars. In the said month, the ratio of exports to imports excluding energy and gold was 82.6 percent.
Foreign trade deficit increased by 42.1 percent
In April, the foreign trade deficit increased by 42.1 percent compared to the same month of the previous year and rose from 6 billion 147 million dollars to 8 billion 738 million dollars. While the ratio of exports to imports was 79.1 percent in April 2022, it decreased to 68.9 percent in April 2023.
In the January-April period, the foreign trade deficit increased by 32.9 percent from 32 billion 684 million dollars to 43 billion 444 million dollars. While the ratio of exports to imports was 71.8 percent in the January-April period of 2022, it decreased to 65.1 percent in the same period of 2023.
In April, the share of the manufacturing industry in total exports was 94.8 percent.
According to the economic activities, the share of the manufacturing industry in April 2023 was 94.8 percent, the share of the agriculture, forestry and fishery sector was 3.1 percent, and the share of the mining and quarrying sector was 1.6 percent.
According to economic activities in the January-April period, the share of the manufacturing industry in exports was 94.5 percent, the share of agriculture, forestry and fisheries sector was 3.6 percent, and the share of mining and quarrying sector was 1.5 percent.
In April, the share of intermediate goods in total imports was 73.2 percent.
According to the broad economic groups classification, in April 2023, the share of intermediate goods was 73.2 percent, the share of capital goods was 13.9 percent and the share of consumer goods was 12.9 percent.
In the January-April 2023 period, the share of intermediate goods was 76.0 percent, the share of capital goods was 12.8 percent and the share of consumption goods was 11.1 percent.
Germany was the most exported country in April
Germany took the first place in exports in April. While exports to Germany amounted to 1 billion 590 million dollars; It was followed by the USA with 1 billion 163 million dollars, Iraq with 970 million dollars, Italy with 954 million dollars and the United Kingdom with 945 million dollars. Exports to the first 5 countries accounted for 29.1 percent of total exports.
Germany took the first place in exports in the January-April period. While the export to Germany is 7 billion 115 million dollars, this country is respectively; It was followed by the USA with 4 billion 751 million dollars, Italy with 4 billion 177 million dollars, the Russian Federation with 3 billion 943 million dollars and the United Kingdom with 3 billion 878 million dollars. Exports to the first 5 countries accounted for 29.5 percent of total exports.
Russian Federation took the first place in imports
The Russian Federation took the first place in imports. While imports from the Russian Federation amounted to 4 billion 177 million dollars in April, this country is respectively; China with 3 billion 691 million dollars, Germany with 2 billion 175 million dollars, Italy with 1 billion 153 million dollars, and the USA with 1 billion 117 million dollars. Imports from the first 5 countries constituted 43.9 percent of total imports.
In the January-April period, the Russian Federation took the first place in imports. While the imports from the Russian Federation amounted to 17 billion 253 million dollars, respectively; China with 14 billion 136 million dollars, Switzerland with 9 billion 482 million dollars, Germany with 8 billion 757 million dollars, and the USA with 4 billion 821 million dollars. Imports from the first 5 countries constituted 43.8 percent of total imports.
