Automotive Exports December 2019

Turkish exports hit $16.34B in October, trade minister says
Turkey’s exports amounted to $16.336
billion in October according to the
general trade system, the country’s
trade minister said.
The exports totaled $148.84 billion in
2019, rising 2.1% in the first 10-month
period of 2019, Ruhsar Pekcan told
reporters in the western Denizli
province. In the first 10 months of
2019, the imports have reached
$172.71 billion, Pekcan said, adding
that Turkey’s import rate decreased
by 13.2% in the same period.
“These figures and positive
performance in exports continue to
reassure us, our economy and our
exporters,” Pekcan added.
Turkey’s imports increased by 10.8%
in October, reaching $18.179 billion,
the minister said.
“Turkey’s foreign trade deficit
decreased by 55.6% [in the 10-month
period], totaling $23.22 billion,” she
said. The top destination for Turkish
goods last month was Germany with
$1.4 million, followed by the U.K.
with $982 million and Iraq with $978
million. The biggest source of Turkish
imports was Russia with goods worth
$1.8 billion. Russia was followed by
China with $1.7 billion and Germany
with $1.6 billion. To calculate foreign
trade data, two different methods are
used – the special trade system and
the general trade system. Calculations
based on the special trade system
do not include free zones or customs
warehouses. The general trade
system is a wider concept, including
customs warehouses, all types of
free zones, free circulation areas and
premises for inward processing.
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