Temporary foreign trade data for July, created in cooperation with the Turkish Statistical Institute and the Ministry of Trade, were announced.
Accordingly, within the scope of the General Trade System (GTS), exports increased by 8.3 percent in July compared to the same month of the previous year and reached 20 billion 78 million dollars, while imports increased by 10.5 percent to 32 billion 295 million dollars.
Foreign trade deficit increased by 14.2 percent in July compared to the same month of the previous year and rose from 10 billion 702 million dollars to 12 billion 217 million dollars.
The ratio of exports to imports, which was 63.4 percent in July 2022, decreased to 62.2 percent last month.
In the January-July period, compared to the same period of the previous year, exports decreased by 0.7 percent and decreased to 143 billion 287 million dollars, while imports increased by 5 percent to 216 billion 827 million dollars.
Foreign trade deficit increased by 18.1 percent in the January-July period and reached 73 billion 539 million dollars.
While the ratio of exports to imports was 69.8 percent in January-July 2022, it decreased to 66.1 percent in the same period of this year.
Foreign trade excluding energy and gold
Exports, excluding energy products and non-monetary gold, increased by 9.9 percent in July from 16 billion 821 million dollars to 18 billion 485 million dollars. In July, imports excluding energy products and non-monetary gold increased by 24.1 percent and rose from 19 billion 761 million dollars to 24 billion 520 million dollars.
Foreign trade deficit, excluding energy products and non-monetary gold, amounted to 6 billion 35 million dollars in July. Foreign trade volume increased by 17.6% and reached 43 billion 5 million dollars. In the said month, the ratio of exports to imports excluding energy and gold was 75.4 percent.
