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Monitor Report of TURKEY trade and TURKEY-China binational trade in 202009

 1.  Overview the trade of TURKEY in goods current year until 202009

According to Dalian Infobank, in 202009TURKEY's exports and imports of goods amounted to 36846.1605 million, and were up 19.14% comparing with the same period of last year. Among these, exports were up 10.90% at 16009.2442 million, and imports were up 26.35% at 20836.9162 million. And the corresponding trade deficit was 4827.6720 million and up 134.87%.

During the current year until 202009, TURKEY's total exports and imports of goods were 268755.9451 million and were down 2.04% comparing to the same period of last year. Among these, exports were 115848.2903 million and down 7.99%; imports were 152907.6548 million and up 3.02%. The total trade deficit was 37059.3645 million and up 64.57%.

If considering by country (region), GERMANY, CHINA, RUSSIA, UNITED STATES, IRAQ were TURKEY's top five trading partners. During the current year until 202009, TURKEY's imports and exports to five countries/territories were 25307.3398 million, 17985.3908 million, 15357.2802 million, 15352.8355 million, 12377.3840 million. These values correspond to 9.42%, 6.69%, 5.71%, 5.71%, 4.61% of TURKEY's imports and exports, and, respectively, were up 3.79%, up 19.05%, down 20.15%, up 6.34%, up 58.32% comparing to the same period of last year.

Current year until 202009, TURKEY and the top five trade partners GERMANY, UNITED KINGDOM, UNITED STATES, IRAQ, ITALY are the top five countries/territories that TURKEY exports to in terms of the total export amount. During the current year until 202009, TURKEY's exports to these five countries/territories were 10948.7554 million, 7461.6125 million, 6875.9146 million, 5929.9592 million, 5419.8797 million. These values correspond to 9.45%, 6.44%, 5.94%, 5.12%, 4.68% of TURKEY's exports and, respectively, were down 4.57%, down 8.76%, up 15.62%, down 6.03%, down 20.59% comparing with the same period of last year.

Current year until 202009, TURKEY's exports to top five countries/territories CHINA, GERMANY, RUSSIA, OTHER COUNTRIES, UNITED STATES are the top five countries/territories that TURKEY imports from in terms of the total export amount. During the current year until 202009, TURKEY's imports from these five countries/territories were 16051.4490 million, 14358.5843 million, 12415.0520 million, 10517.5990 million, 8476.9209 million. These values correspond to 10.50%, 9.39%, 8.12%, 6.88%, 5.54% of TURKEY's total imports and, respectively, were up 21.46%, up 11.21%, down 24.86%, down 5.01%, down 0.16% comparing with the same period of last year.

During the current year until 202009, the trade surplus of TURKEY was mainly from UNITED KINGDOM, ISRAEL, SPAIN, NETHERLANDS, AZERBAIJAN at 3501.7982 million, 2163.5198 million, 1374.6230 million, 1288.3399 million, 1181.2531 million, and down 21.03%, up 18.18%, down 50.31%, down 25.59%, up 41.48%. And the trade deficits were mainly from CHINA, OTHER COUNTRIES, RUSSIA, SWITZERLAND, SOUTH KOREA at 14117.5071 million, 10476.2447 million, 9472.8238 million, 3817.4610 million, 3415.2038 million, and up 24.68%, down 5.36%, down 31.41%, up 253.83%, down 4.67%.

Current year until 202009, TURKEY's trade surplus or deficit with top five countries/territories During the current year until 202009,  commodities with hs2 codes, 84, 27, 71, 87, 85, were TURKEY's top five traded commodities. They correspond to the import and export values of 28336.8578 million, 24009.1277 million, 23946.2933 million, 23658.1632 million, 17896.5286 million, which were up 2.36%, down 33.59%, up 72.45%, down 7.73%, up 5.64% comparing with the same period of last year and account for 10.54%, 8.93%, 8.91%, 8.80%, 6.66% of TURKEY's total imports and exports.

During the current year until 202009, 87, 84, 72, 85, 61 were TURKEY's top five traded commodities, with total import and export values of 14474.5083 million, 11358.3308 million, 6232.9928 million, 6192.0464 million, 5742.7232 million. These values correspond to 12.49%, 9.80%, 5.38%, 5.34%, 4.96% of TURKEY's total exports and, respectively, were down 24.46%, down 6.22%, down 19.85%, down 0.85%, down 15.05% comparing to the same period of last year.

During the current year until 202009, 27, 71, 84, 85, 72 were TURKEY's top five traded commodities, with total import values of 20885.4412 million, 19527.7140 million, 16978.5270 million, 11704.4823 million, 10750.4403 million. These values correspond to 13.66%, 12.77%, 11.10%, 7.65%, 7.03% of TURKEY's total exports and, respectively, were down 32.52%, up 131.76%, up 9.04%, up 9.43%, down 3.31% comparing to the same period of last year.


2. Current year until 202009, TURKEY binational trade profile

According to Dalian Infobank, during the current year until 202009, TURKEY-China binational exports and imports of goods amounted to 17985.3908 million and were up 19.05% comparing with the same period of last year. Among these, exports from TURKEY to China were 1933.9418 million and up 2.20%, imports from China to TURKEY were 16051.4490 million and up 21.46%. The total binational trade deficit was 14117.5071 million and up 24.68%.

During the urrent year until 202009, commodities with hs2 code, 85, 84, 29, 39, 90, were binational trade's top five traded commodities. They correspond to import and export values of 4882.9040 million, 4242.1199 million, 807.2204 million, 607.9021 million, 589.6927 million and makes up 27.15%, 23.59%, 4.49%, 3.38%, 3.28% of the total binational imports and exports. These values were also up 38.04%, up 48.10%, up 6.54%, down 4.30%, up 21.68% comparing to the same period last year.

During the current year until 202009, 26, 25, 74, 84, 28 were the top five traded commodities exported to China from TURKEY, with export values of 445.4163 million, 429.9637 million, 113.8797 million, 107.1582 million, 94.7238 million. These values account for 23.03%, 22.23%, 5.89%, 5.54%, 4.90% of TURKEY's total exports and were up 14.25%, down 27.14%, up 1791.75%, down 10.53%, down 30.58% comparing to the same period of last year.

During the current year until 202009, 85, 84, 29, 39, 90 were TURKEY's top five traded commodities importing from China , with import values of 4866.7291 million, 4134.9616 million, 788.4488 million, 571.5874 million, 525.4875 million. These values account for 30.32%, 25.76%, 4.91%, 3.56%, 3.27% of TURKEY's total imports and were up 38.20%, up 50.66%, up 5.20%, down 3.09%, up 19.50% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: State Institute of Statistics