BY BESTENIGAR KARA The overall export unit value index (UVI) increased by 6.5% and the overall import UVI jumped 42.7% in January, compared to the same month last year, according to the Turkish Statistical Institute. The overall export UVI for food increased 5.1%, for beverages and tobacco by 21.4%, for crude materials (except fuels) by...
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Foreign trade deficit jumps 235% in January
The foreign trade deficit jumped 234.9% to USD 10.3bn in January, compared to the same month last year, according to preliminary data released by the Ministry of Trade and the Turkish Statistical Institute (TurkStat). The export-import coverage ratio fell from 83.0% to 63.2% in January, year over year. Exports rose by 17.2% to USD 17.58bn,...
Foreign trade deficit at USD 133m in 2021
Turkey’s foreign trade gap was down 7.5% to USD 133m in 2021 — compared to the previous year, according to official figures released on Monday. The country’s exports rose to USD 225.3bn in 2021 with an increase of 32.8%, while its imports increased by 23.6% to USD 271.4bn, TurkStat said. In December, the share of...
Exports in 2021 reaches USD 225.4bn
Turkey’s exports rose by 32.9% to USD 225.4bn in 2021, compared to the previous year, according to President Recep Tayyip Erdogan. The country’s foreign trade deficit, meanwhile, dropped by 7.8% to USD 45.9bn in the same period. The export/import coverage ratio hit 83.1%. “We’ve achieved our foreign trade volume, which stood at USD 87.6bn in...