29.08.2022 10:04 Last Update: 29.08.2022 10:27
News Source: UAV
According to the temporary foreign trade data produced within the scope of the general trade system in cooperation with the Turkish Statistical Institute and the Ministry of Trade; In July 2022, exports increased by 13.4 percent compared to the same month of the previous year and amounted to 18 billion 551 million dollars, while imports increased by 41.4 percent to 29 billion 240 million dollars.
IN JANUARY-JULY PERIOD, EXPORTS INCREASED 19.1%, IMPORTS INCREASED 40.7 PERCENT
According to the general trade system, exports increased by 19.1 percent in the January-July period of 2022 compared to the same period of the previous year, and reached 144 billion 331 million dollars, while imports increased by 40.7 percent to 206 billion 508 million dollars.
EXPORTS OF ENERGY PRODUCTS AND GOLD INCREASED 7.4 PERCENT, IMPORTS INCREASED 19.3 PERCENT IN JULY
Exports, excluding energy products and non-monetary gold, increased by 7.4 percent in July 2022 from 15 billion 665 million dollars to 16 billion 820 million dollars.
In July, imports excluding energy products and non-monetary gold increased by 19.3 percent from 16 billion 560 million dollars to 19 billion 763 million dollars.
Foreign trade deficit excluding energy products and non-monetary gold was 2 billion 943 million dollars in July. Foreign trade volume increased by 13.5% and reached 36 billion 582 million dollars. In the said month, the ratio of exports to imports excluding energy and gold was 85.1 percent.
In July, the foreign trade deficit increased by 147.0 percent compared to the same month of the previous year and rose from 4 billion 329 million dollars to 10 billion 690 million dollars. While the ratio of exports to imports was 79.1 percent in July 2021, it decreased to 63.4 percent in July 2022.
In the January-July period, the foreign trade deficit increased by 143.7 percent from 25 billion 510 million dollars to 62 billion 177 million dollars. While the ratio of exports to imports was 82.6 percent in the January-July 2021 period, it decreased to 69.9 percent in the same period of 2022.
IN JULY, MANUFACTURING INDUSTRY’S SHARE IN TOTAL EXPORT WAS 94.2 PERCENT
According to economic activities, in July 2022, the share of the manufacturing industry was 94.2 percent, the share of the agriculture, forestry and fisheries sector was 2.5 percent, and the share of the mining and quarrying sector was 2.9 percent.
According to the economic activities in the January-July period, the share of the manufacturing industry in exports was 94.5 percent, the share of agriculture, forestry and fisheries was 3.0 percent, and the share of the mining and quarrying sector was 1.9 percent.
IN JULY, THE SHARE OF INTERMEDIATE GOODS IN TOTAL IMPORTS WAS 80.5 PERCENT
According to the broad economic groups classification, in July 2022, the share of intermediate goods was 80.5 percent, the share of capital goods was 11.3 percent and the share of consumer goods was 8.1 percent.
In the January-July 2022 period, the share of intermediate goods was 81.9 percent, the share of capital goods was 10.5 percent and the share of consumption goods was 7.6 percent.
GERMANY WAS THE MOST EXPORTED COUNTRY IN JULY
Germany took the first place in exports in July. While the export to Germany is 1 billion 490 million dollars, this country is respectively; It was followed by the USA with 1 billion 315 million dollars, the United Kingdom with 1 billion 15 million dollars, Iraq with 1 billion 2 million dollars, and Italy with 850 million dollars. Exports to the first 5 countries accounted for 30.6 percent of total exports.
Germany took the first place in exports in the January-July period. While exports to Germany are 12 billion 114 million dollars, this country is respectively; It was followed by the USA with 9 billion 938 million dollars, the United Kingdom with 7 billion 501 million dollars, Italy with 7 billion 460 million dollars and Iraq with 7 billion 355 million dollars. Exports to the first 5 countries accounted for 30.7 percent of total exports.
THE RUSSIAN FEDERATION TAKES THE FIRST RANK IN IMPORTS
The Russian Federation took the first place in imports. While imports from the Russian Federation amounted to 4 billion 374 million dollars in July, this country is respectively; China with 3 billion 804 million dollars, Germany with 1 billion 779 million dollars, Switzerland with 1 billion 446 million dollars, and the USA with 1 billion 389 million dollars. Imports from the first 5 countries constituted 43.7 percent of total imports.
In the January-July period, the Russian Federation took the first place in imports. While the imports from the Russian Federation amounted to 32 billion 116 million dollars, respectively; China with 23 billion 887 million dollars, Germany with 13 billion 279 million dollars, the USA with 8 billion 971 million dollars, and Italy with 7 billion 956 million dollars. Imports from the first 5 countries constituted 41.7 percent of total imports.
Economic Confidence Index for August announced
According to the seasonal and calendar adjusted series; In July 2022, exports decreased by 5.5 percent compared to the previous month, while imports increased by 2.2 percent. According to the calendar adjusted series; In July 2022, exports increased by 9.3 percent and imports increased by 36 percent compared to the same month of the previous year.
According to technology intensity, foreign trade data covers manufacturing industry products included in ISIC Rev.4 classification. According to ISIC Rev.4, the share of manufacturing industry products in total exports was 94.2 percent in July. The share of high-tech products in manufacturing industry products was 2.2 percent. According to ISIC Rev.4, the share of manufacturing industry products in total exports was 94.5 percent in the January-July period. In the January-July period, the share of high-tech products in manufacturing industry products exports was 2.8 percent.
In July, the share of manufacturing industry products in total imports was 73.2 percent. The share of high-tech products in the import of manufacturing industry products was 10.2 percent. In the January-July period, the share of manufacturing industry products in total imports was 69.8 percent. In the January-July period, the share of high technology products in the imports of manufacturing industry products was 9.6 percent.
According to the special trade system, in July 2022, exports increased by 9.2 percent compared to the same month of the previous year and reached 16 billion 989 million dollars, and imports increased by 34.1 percent to 26 billion 603 million dollars.
In July, the foreign trade deficit increased by 124.9 percent from 4 billion 276 million dollars to 9 billion 614 million dollars. While the ratio of exports to imports was 78.4 percent in July 2021, it decreased to 63.9 percent in July 2022.
EXPORTS AMOUNTED TO 134 BILLION 958 MILLION DOLLARS IN JANUARY-JULY 2022
According to the special trade system, in the January-July period of 2022, exports increased by 17.3 percent compared to the same period of the previous year and amounted to 134 billion 958 million dollars, while imports increased by 38.0 percent to 194 billion 740 million dollars.
In the January-July period, the foreign trade deficit increased by 129.6 percent from 26 billion 38 million dollars to 59 billion 782 million dollars. While the ratio of exports to imports was 81.5 percent in the January-July 2021 period, it decreased to 69.3 percent in the same period of 2022.