Home / Knowledge / News / Textiles / Foreign trade deficit up 6.4%

Foreign trade deficit up 6.4%

May '07
In the first quarter of 2007, Turkey's foreign trade deficit was up by 6.4 percent, reaching US $11.65 billion, according to data from Turkish Statistics Institute.

Imports grew by 17.6 percent to $34.7, while exports rose by 24.2 percent, reaching $23.1 billion, in the same period.

The EU's dominance of Turkey's export market continued through the first quarter, reaching $13.4 billion, representing a 25.4 percent increase year-on-year. EU countries accounted for 57.9 percent of exports, free trade zones in Turkey 2.9 percent and other countries 39.2 percent.

In first three months of 2007, the main export destinations were Germany at $2.7 billion, 22.4 percent higher than the same period last year. In March 2007, exports to Germany increased by 18 percent, reaching $1.02 billion. The UK was second, with $682 million, then Italy with $674 million, France $490 million, Spain $430 million and Russia $365 million.

In first quarter, export to EU countries were still on the top with $14.3 billion, followed by Asian countries at $9.06 billion, other European countries at $7.06 billion and free trade zones in Turkey with $264 million.

In textile industry, imports grew by 26 percent. The biggest increase was in man-made staple fibers section by 40 percent. Garment imports up by 42 percent and footwear import increased 11 percent in the first three month of 2007.

Fibre2fashion News Desk - Turkey

Must ReadView All

Pic: Shutterstock

Textiles | On 25th Sep 2021

EU extends GSP plus status for Pakistan with 6 new conventions

The European Union (EU) has extended its general system of...

Pic: Shutterstock

Apparel/Garments | On 25th Sep 2021

Bangladesh seeks Russian support for ensuring direct exports there

Bangladesh commerce minister Tipu Munshi recently sought Russian...

Pic: Boris-B / Shutterstock.com

Retail | On 25th Sep 2021

US’ Halloween spending to reach $10.14 bn this year: NRF

Consumer spending in the US on Halloween-related items is expected to ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Zayed Moyeen,

Zayed Moyeen

Far East Knitting and Dyeing Industries LTD (FEKDIL) was established in...

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Dave Rousse, INDA

Dave Rousse

INDA, a global association of the nonwoven fabrics industry, has been...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Shlomzion Chen, Seevix

Shlomzion Chen

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search