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

Brief Report of Turkey's Trade in June 2016

According to the statistics of Statistics Bureau in Turkey, its volume of goods trade was USD171.44 billion from January to June in 2016, down 4.8% year-on-year (the same below). Exports fell by 2.4% to USD71.70 billion, and imports fell by 6.4% to USD99.74 billion. The trade deficit was USD28.04 billion, down 15.3%.

In June, Turkey’s volume of goods trade grew by 7.2% to USD32.39 billion. Exports grew by 7.9% to USD12.91 billion and imports grew by 6.7% to USD19.48 billion. And the trade deficit grew by 4.4% to USD6.57 billion.

Since January to June, bilateral trade volume between Turkey and China grew by 1.0% to USD13.73 billion. Turkey’s exports to China fell by 17.4% to USD0.99 billion. It accounted for 1.4% of Turkey’s overall export, down 0.2%. And Turkey’s imports from China grew by 2.8% to USD12.74 billion. It accounted for 12.6% of Turkey’s overall imports, up 1.2% over the previous year. Turkey’s trade deficit with China grew by 5.0% to USD11.75 billion.

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

Contribute Copyright Policy
Topics: Service