Turkey Posts Trade Deficit in December


According to the provisional data, produced with the cooperation of Turkish Statistical Institute and Ministry of Customs and Trade, in December 2012; exports increased by 1.4 percent and reached to 12 646 Million Dollars and imports decreased by 3.7 percent and reached to 19 825 Million Dollars compared with December 2011.

At the same month, foreign trade deficit decreased from 8 116 Million Dollars to 7 178 Million Dollars. Calendar adjusted exports and imports increased by 4.7 percent and 0.2 percent compared with December 2011. Seasonally and calendar adjusted exports and imports decreased by 4.5 percent and 3.6 percent compared with previous month. Exports coverage imports was 63.8 percent while it was 60.6 percent in December 2011.

In December 2012, the main partner country for exports was Iraq with 1 029 Million Dollars and increased by 10.6%. For exports, Iraq was followed by Germany (989 Million Dollars), United Arab Emirates (694 Million Dollars) and the United Kingdom (690 Million Dollars). The top country for Turkey’s imports was Russia (2 474 Million Dollars), records for imports range from Germany (2 106 Million Dollars), China (1 754 Million Dollars) and Italy (1 052 Million Dollars). 
 
For December 2012, “vehicle other than railway or tramway rolling-stock, parts thereof” has by far the highest value exported at 1 427 Million Dollars and then, “boilers, machinery and mechanical appliances, parts thereof” (1 010 Million Dollars), “iron and steel” (870 Million Dollars) and “electrical machinery and equipments” (834 Million Dollars). 

Turkstat | Nuno Fontes | nuno@tradingeconomics.com
1/31/2013 9:02:57 AM