TurkStat - Foreign trade deficit decreased by 15.2 pct. in Q1

NEWS IN ENGLISH

The foreign trade deficit decreased by 14.9 percent in March and decreased by 15.2 percent in the January-March period, according to the Foreign Trade Statistics data, released by the Turkish Statistical Institute (TurkStat) on Friday.

In March 2021 foreign trade deficit was 4 billion 653 million dollars with a 14.9 percent decrease compared with March 2020. In March 2021, exports coverage imports were 80.3 percent, while it was 70.9 percent in March 2020.


In January-March  2021 period, the foreign trade deficit was 11  billion 43  million dollars with a 15.2 percent decrease compared with January-March 2020. In the same period, exports coverage imports were 81.9 percent while it was 76.6 percent in January-March 2020.


According to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, in March 2021; exports were 18 billion 984  million dollars with a 42.2 percent increase and imports were 23 billion 637 million dollars with a 25.6 percent increase compared with March 2020.


In January-March 2021 period, exports were 49 billion 986 million dollars with a 17.2 percent increase and imports were 61 billion  29 million dollars with a 9.6 percent increase compared with January-March 2020.


Exports, excluding energy products and non-monetary gold, were 17 billion 985 million dollars with a 41.6 percent increase in March 2021. Imports, excluding energy products and non-monetary gold, were 19 billion 627 million dollars with a 36.7 percent increase in March 2021.


The foreign trade deficit, excluding energy products and non-monetary gold, was 1 billion  643 million dollars in March 2021.


Foreign trade volume was 37 billion 612  million dollars with a 39.0 percent increase. Energy products and non-monetary gold excluded export coverage imports was 91.6 percent.
 

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