Turkish Statistical Institute (TUIK) announced the foreign trade statistics for April 2022. Accordingly, according to the temporary foreign trade data produced within the scope of the general trade system established in cooperation with the Turkish Statistical Institute and the Ministry of Trade; In April 2022, exports increased by 24.6 percent compared to the same month of the previous year and reached 23 billion 368 million dollars, while imports increased by 35 percent to 29 billion 480 million dollars.
IN JANUARY-APRIL PERIOD, EXPORTS INCREASED 21.6 PERCENT, IMPORTS INCREASED 40.2 PERCENT
According to the general trade system, exports increased by 21.6 percent in the January-April period of 2022 compared to the same period of the previous year, and reached 83 billion 531 million dollars, while imports increased by 40.2 percent and reached 116 billion 85 million dollars.
Exports, excluding energy products and non-monetary gold, increased by 22.9 percent in April 2022 from 17 billion 794 million dollars to 21 billion 869 million dollars. In April, imports excluding energy products and non-monetary gold increased by 16.4% and rose from 18 billion 227 million dollars to 21 billion 223 million dollars. Foreign trade surplus excluding energy products and non-monetary gold was 647 million dollars in April. Foreign trade volume increased by 19.6 percent and reached 43 billion 92 million dollars. In the said month, the ratio of exports to imports excluding energy and gold was 103.0 percent.
FOREIGN TRADE DEFICIT INCREASED 98.5 PERCENT IN APRIL
In April, the foreign trade deficit increased by 98.5 percent compared to the same month of the previous year and rose from 3 billion 80 million dollars to 6 billion 113 million dollars. While the ratio of exports to imports was 85.9 percent in April 2021, it decreased to 79.3 percent in April 2022.
FOREIGN TRADE DEFICIT INCREASED 130.0 PERCENT IN JANUARY-APRIL PERIOD
In the January-April period, the foreign trade deficit increased by 130.0 percent and rose from 14 billion 154 million dollars to 32 billion 553 million dollars. While the ratio of exports to imports was 82.9 percent in the January-April 2021 period, it decreased to 72.0 percent in the same period of 2022.
THE SHARE OF THE MANUFACTURING INDUSTRY IN THE TOTAL EXPORT IS 95.0 PERCENT
According to the economic activities, the share of the manufacturing industry in April 2022 was 95.0 percent, the share of the agriculture, forestry and fisheries sector was 2.4 percent, and the share of the mining and quarrying sector was 2.0 percent. According to the 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 fishery sector was 3.2 percent, and the share of the mining and quarrying sector was 1.8 percent.
MOST EXPORTED COUNTRY GERMANY
Germany took the first place in exports in April. While exports to Germany were 2 billion 2 million dollars, this country was followed by the USA with 1 billion 778 million dollars, the United Kingdom with 1 billion 168 million dollars, Italy with 1 billion 124 million dollars, and Iraq with 1 billion 86 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-April period. While exports to Germany were 7 billion 286 million dollars, this country was followed by the USA with 5 billion 830 million dollars, Italy with 4 billion 511 million dollars, the United Kingdom with 4 billion 375 million dollars and Iraq with 4 billion 200 million dollars. Exports to the first 5 countries accounted for 31.4 percent of total exports.
RUSSIA TAKES THE FIRST RANK IN IMPORTS
The Russian Federation took the first place in imports. While the import from the Russian Federation was 5 billion 467 million dollars in April, this country was followed by China with 3 billion 294 million dollars, Germany with 2 billion 8 million dollars, Italy with 1 billion 71 million dollars, and India with 1 billion 56 million dollars. . Imports from the first 5 countries constituted 43.7 percent of total imports. In the January-April period, the Russian Federation took the first place in imports. While the import from the Russian Federation was 18 billion 187 million dollars, this country was followed by China with 13 billion 182 million dollars, Germany with 7 billion 522 million dollars, the USA with 4 billion 719 million dollars, and Italy with 4 billion 34 million dollars. Imports from the first 5 countries constituted 41.0 percent of total imports.