The foreign trade deficit increased by 147 percent in July compared to the same month of the previous year, from 4.3 billion dollars to 10.6 billion dollars. In the first 7 months of the year, the deficit increased from 25 billion dollars to 62 billion dollars. Temporary foreign trade data produced within the scope of the general trade system in cooperation with the Turkish Statistical Institute (TUIK) and the Ministry of Commerce has been announced. Accordingly, in July, 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.
According to the general trade system, exports increased by 19.1 percent in January-July 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. 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.
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.
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 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 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.
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, compared to the same month of the previous year, exports increased by 9.3 percent and imports increased by 36.0 percent.
