Turkey’s exports and imports increased by 51.9%, 23.6% respectively in August, the country’s statistical institute (TurkStat) said in a statement on Thursday.

According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in August; exports were 18 billion 916 million dollars with a 51.9% increase and imports were 23 billion 175 million dollars with a 23.6% increase compared with August 2020.

Exports and imports increased by 36.9%, 25.5% respectively in January-August 2021

In January-August 2021 period, exports were 140 billion 195 million dollars with a 36.9% increase and imports were 169 billion 975 million dollars with a 25.5% increase compared with January-August 2020.

Energy products and non-monetary gold excluded exports and imports increased by 52.4%, 46.8% respectively in August

Exports, excluding energy products and non-monetary gold, were 18 billion 45 million dollars with a 52.4% increase in August 2021. Imports, excluding energy products and non-monetary gold, were 18 billion 399 million dollars with a 46.8% increase in August 2021.

Foreign trade deficit, excluding energy products and non-monetary gold, was 354 million dollars in August 2021.

Foreign trade volume was 36 billion 444 million dollars with a 49.5% increase. Energy products and non-monetary gold excluded export coverage imports was 98.1%.

The foreign trade deficit decreased by 32.4% in August 2021

In August 2021 foreign trade deficit was 4 billion 259 million dollars with a 32.4% decrease compared with August 2020. In August 2021, exports coverage imports was 81.6%, while it was 66.4% in August 2020.

The foreign trade deficit decreased by 9.8% in January-August 2021

In January-August 2021 period, foreign trade deficit was 29 billion 780 million dollars with a 9.8% decrease compared with January-August 2020. In the same period, exports coverage imports was 82.5% while it was 75.6% in January-August 2020.

The ratio of manufacturing industries products in total exports was 95.1% in August 2021

In August 2021, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 95.1%, 2.3%, 1.9%, respectively.

In January-August 2021 period, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.6%, 3.0%, 1.9%, respectively.

The ratio of intermediate goods in total imports was 79.5% in August 2021

In August 2021, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 79.5%,12.2%, 8.2%, respectively.

In January-August 2021 period, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 76.4%,13.7%,9.7%, respectively.

The main partner for exports was Germany in August 2021

In August 2021, the main partner country for exports was Germany with 1 billion 575 million dollars. The country was followed by USA with 1 billion 313 million dollars, United Kingdom with 1 billion 194 million dollars, Iraq with 939 million dollars, and Spain with 839 million dollars. The ratio of the first five countries in total exports was 31.0% in August 2021.

In January-August 2021 period, the main partner country for exports was Germany with 12 billion 406 million dollars. The country was followed by USA with 9 billion 142 million dollars, the United Kingdom with 8 billion 419 million dollars, Italy with 7 billion 79 million dollars and Iraq with 6 billion 599 million dollars. The ratio of the first five countries in total exports was 31.1% in January-August 2021.

The main partner for imports was China in August 2021

In August 2021, the top country for Turkey's imports was China with 2 billion 840 million dollars. The country was followed by Russia with 2 billion 676 million dollars, Germany with 1 billion 745 million dollars, USA with 1 billion 160 million dollars and Italy with 958 million dollars. The ratio of first five countries in total imports was 40.5% in August 2021.

In January-August 2021 period, the top country for Turkey's imports was China with 20 billion 639 million dollars. The country was followed by Russia with 17 billion 761 million dollars, Germany with 14 billion 647 million dollars, USA with 8 billion 45 million dollars, Italy with 7 billion 449 million dollars. The ratio of first five countries in total imports was 40.3% in January-August 2021.

Seasonally and calendar adjusted exports increased by 4.9%

In August 2021, seasonally and calendar adjusted exports and imports increased by 4.9%, 4.5% respectively compared with the previous month. In August 2021, calendar-adjusted exports and imports increased by 40.2%, 16.3% respectively compared with August 2020.

Ratio of exports of high-tech products in manufacturing industries was 3.1%

Foreign trade by technology intensity covers the manufacturing industries' products in the classification of ISIC Rev.4. According to the ISIC Rev.4, the ratio of manufacturing industries products in total exports was 95.1% in August 2021. The ratio of high-technology products in manufacturing industries exports was 3.1%. The ratio of manufacturing industries products in total exports was 94.6% in January-August 2021.In January-August 2021 period, the ratio of high-technology products in manufacturing industries exports was 3.0%.

The ratio of manufacturing industries' products in total imports was 76.1%. The ratio of high-technology products in manufacturing industries' imports was 13.2% in August 2021. The ratio of manufacturing industries' products in total imports was 77.9% in January-August 2021. The ratio of high-technology products in manufacturing industries' imports was 12.8% in January-August 2021.

According to the special trade system, exports were 17 billion 865 million dollars in August 2021

According to the special trade system, in August 2021, exports were 17 billion 865 million dollars with a 52.0% increase and imports were 22 billion 361 million dollars with a 23.2% increase compared with August 2020.

In August 2021 foreign trade deficit was 4 billion 497 million dollars with a 29.8% decrease compared with August 2020.

Exports coverage imports was 79.9%, while it was 64.7% in August 2020.

Exports were 132 billion 941 million dollars in January-August 2021

According to the special trade system, exports were 132 billion 941 million dollars with a 37.3% increase and imports were 163 billion 445 million dollars with a 25.8% increase compared with January-August 2020.

In January-August 2021 period, the foreign trade deficit was 30 billion 505 million dollars with a 7.8% decrease compared with January-August 2020. (ILKHA)