According to the data of the Ministry of Commerce, Turkey’s exports increased by 14.4 percent in May to 21.7 billion dollars. This was recorded as the highest May export value of all time.
Imports, on the other hand, increased by 16 percent to 34 billion 312 million dollars. Last month, the foreign trade volume increased by 15.3 percent to 55 billion 963 million dollars.
Exports were calculated as 102 billion 521 million dollars with an increase of 0.2 percent in the January-May period compared to the same period of the previous year, while imports were calculated as 158 billion 625 million dollars with an increase of 8.9 percent. In the said period, foreign trade volume increased by 5.3 percent and reached 261 billion 146 million dollars.
Foreign trade with the Turkish lira also followed a course parallel to the developments in Turkey’s foreign trade volume.
Accordingly, while exports in Turkish lira were 14 billion 749 million liras, imports were 30 billion 739 million liras, foreign trade volume increased to 45 billion 488 million liras.
The effect of the earthquake was felt
Turkey’s exports in February fell to $ 18.6 billion with a decrease of 6.4 percent compared to the same month of the previous year due to the effect of earthquakes in Kahramanmaraş. In the same month, exports in Turkish lira decreased to 13 billion 869 million liras. Imports in Turkish lira were recorded as 40 billion 364 million liras and foreign trade volume as 54 billion 233 million liras in this period.
The recovery in exports in March was also reflected in exports in Turkish lira.
In March, the said export amounted to 18 billion 50 million liras. In this period, while the amount of imports in Turkish lira was 45 billion 75 million liras, the foreign trade volume increased to 63 billion 805 million liras.
While the negative impact of the Kahramanmaraş-centered earthquakes on foreign sales continued in April, exports amounted to 19.3 billion dollars with a decrease of 17.2 percent compared to the same month of the previous year. In this context, in the month in question, exports decreased to 14 billion 623 million liras, imports to 43 billion 122 million liras, and foreign trade volume to 57 billion 745 million liras in Turkish lira.
Foreign trade with Turkish lira recovered in May
Exports in Turkish lira increased by 120 percent compared to the same month of the previous year and reached 16 billion 366 million liras in May. In this period, while the amount of imports in Turkish lira was 49 billion 422 million liras, the foreign trade volume reached 65 billion 788 million liras.
Exports in Turkish lira increased by 90.6 percent in the January-May period compared to the same period of the previous year, reaching 77 billion 658 million liras. In this period, imports in Turkish lira were recorded as 209 billion 401 million liras.
In the first 5 months of the year, the foreign trade volume with Turkish lira was calculated as 287 billion 59 million liras, an increase of 138.8 percent compared to the same period of the previous year.
On the other hand, the number of countries exporting with Turkish lira was 165 and the number of companies exporting with Turkish lira was 8,440 in May.
