Turkiye's exports up 0.1% YoY in Apr 2024; imports up 4% YoY: Turkstat

31 May '24

2 min read

Turkiye's exports up 0.1% YoY in Apr 2024; imports up 4% YoY: Turkstat

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Turkiye's April exports were worth $19.254 billion—a 0.1-per cent rise, and imports worth $29.117 billion—a 4-per cent rise YoY, provisional data show.
January-April exports were worth $82.839 billion—a 2.7-per cent YoY rise, and imports worth $113.81 billion—a 9-per cent YoY drop.
Foreign trade deficit was $9.863 billion in April—a 12.9-per cent rise YoY.

Turkiye’s exports were worth $19.254 billion in April this year—a 0.1-per cent increase year on year (YoY), and imports worth $29.117 billion—a 4-per cent rise YoY, according to provisional data compiled by the Turkish Statistical Institute (Turkstat) and the ministry of trade.

Between January and April, exports were worth $82.839 billion—a rise of 2.7 per cent YoY, and imports worth $113.81 billion—a drop of 9 per cent YoY.

Exports, excluding energy products and non-monetary gold, were worth $17.291 billion in April—a 3.9-per cent decrease YoY. Such imports were worth $22.354 billion—a 2.3-per cent increase YoY.

Foreign trade deficit, excluding energy products and non-monetary gold, was worth $5.62 billion in April.

Foreign trade volume was worth $39.645 billion in the month—a 0.5-per cent decrease YoY.

Foreign trade deficit was $9.863 billion in April—a 12.9-per cent increase YoY. It was $30.243 billion in the January-April period—a 30.5-per cent decrease YoY.

In April, the main partner country for exports was Germany, with exports worth $1.483 billion. It was followed by the United States ($1.186 billion), the United Kingdom ($1.17 billion), Iraq ($876 million) and Italy ($861 million). The share of the first five countries in total exports was 29 per cent in April.

In the January-April 2024 period, the main partner country for exports was Germany again, with exports worth $6.708 billion. It was followed by the United States ($4.995 billion), the United Kingdom ($4.373 billion), Italy ($4.31 billion) and Iraq ($4.232 billion). The share of the first five countries in total exports was 29.7 per cent during the period, a Turkstat release said.

In April 2024, the top country for Turkiye's imports was China, with imports worth $3.754 billion). It was followed by Russia ($3.327 billion), Germany ($2.242 billion), Italy ($1.984 billion), the United States ($1.331 billion). The share of the first five countries in total imports was 43.4 per cent in April.

In January-April period, the top country for imports was Russia, with imports worth $15.31 billion. It was followed by China ($13.981 billion), Germany ($8.524 billion), Italy ($6.617) billion, the United States ($5.477 billion). The share of the first five countries in total imports was 44.1 per cent during the period.

Fibre2Fashion News Desk (DS)

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