Trade Resources Economy Brief Report of Turkey's Trade in July 2016

Brief Report of Turkey's Trade in July 2016

According to the statistics from Statistics Turkey, Turkey’s volume of goods trade was USD195.87 billion from January to July in 2016, down 6.4% year-on-year (the same below). Exports fell by 3.6% to USD81.52 billion, and imports fell by 8.3% to USD114.36 billion. The trade deficit was USD32.84 billion, down 18.3%.

In July, Turkey’s volume of goods trade fell by 16.3% to USD24.47 billion. Exports fell by 11.2% to USD9.85 billion and imports fell by 19.5% to USD14.62 billion. And the trade deficit fell by 32.4% to USD4.77 billion.

Since January to July, bilateral trade volume between Turkey and China fell by 0.8% to USD15.77 billion. Turkey’s exports to China fell by 19.0% to USD1.15 billion. It accounted for 1.4% of Turkey’s overall export, down 0.3%. And Turkey’s imports from China grew by 1.0% to USD14.62 billion. It accounted for 12.8% of Turkey’s overall imports, up 1.2% over the previous year. Turkey’s trade deficit with China grew by 3.2% to USD13.48 billion.

China was the 19th export market of Turkey and its largest source of imports up to July in 2016.

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