SleepTech July - August 2018

10
Turkey’s exports increase
5.3 percent in May to
reach $14.3 billion
Turkey’s exports have risen 5.3
percent in May year-on-year,
reaching $14.3 billion as imports
also increased by 5.5 percent to
$22.65 billion, the Turkish Statistical
Institute (TurkStat) said.
According to TurkStat data, the
foreign trade deficit also widened
5.7 percent to $7.76 billion in
May. “In May 2018, exports’ coverage
of imports was 64.8 percent
while it was 64.9 percent in May
2017,” TurkStat said.
Exports to European Union countries
in May climbed 19.3 percent
year-on-year to $7.287 billion.
EU’s share in total Turkish exports
reached 50.9 percent while it was
45 percent in the same month last
year, according to the data.
“In May 2018, the main partner
country for exports was Germany
with $1.357 billion. The country
was followed by Italy with $885
million, the United Kingdom with
$858 million and Spain with $759
million,” TurkStat said.
China ranked first in terms of
import volume in May with $2.80
billion, Germany followed closely
in second place with 2.18 billion,
Russia third with 1,732 billion and
the U.K. fourth with $1,439 billion.