TÜİK: Exports decreased by 40 percent, imports decreased by 27.8 percent

img

ANKARA - According to the Foreign Trade Statistics announced by the TurkStat for May, exports and imports decreased by 40.9 percent and 27.8 percent respectively. Foreign trade deficit was 3 billion 420 million dollars last month, marking a 102.7 percent increase.

 
The Turkish Statistical Institute (TurkStat) has released its Foreign Trade Statistics for May 2020, produced in cooperation with the Ministry of Trade.
 
According to the figures announced by the Institute, exports and imports decreased by 40.9 percent and 27.8 percent respectively in May.
 
The provisional data of the TurkStat and the Ministry have shown that, in May 2020, exports were 9 billion 967 million dollars with a 40.9 percent decrease and imports were 13 billion 387 million dollars with a 27.8 percent decrease compared with May 2019.
 
Exports and imports also decreased by 19.7 percent and 5.2 percent respectively in January-May 2020.
 
In January-May 2020 period, exports were 61 billion 586 million dollars with 19.7 percent decrease and imports were 82 billion 591 million dollars with 5.2 percent decrease compared with January-May 2019.
 
FOREIGN TRADE DEFICIT INCREASED BY 102.7 PERCENT
 
In May 2020, the foreign trade deficit was 3 billion 420 million dollars with a 102.7 percent increase compared with May 2019. In May 2020, exports coverage imports was 74.5 percent while it was 90.9 percent in May 2019.
 
In January-May 2020 period, foreign trade deficit was 21 billion 5 million dollars with a 102.8 percent increase compared with January-May 2019. In the same period, exports coverage imports was 74.6 percent while it was 88.1 percent in January-May 2019.
 
In May 2020, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 93.8 percent, 3.7 percent, 1.9 percent, respectively.
 
In January-May 2020 period, according to economic activities, the ratios of manufacturing industries products, agriculture, forestry and fishing, mining and quarrying in total exports were 94.2 percent, 3.6 percent, 1.7 percent.
 
In May, according to the Broad Economic Categories (BEC) classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 76.7 percent, 14.5 percent, 8.4 percent, respectively.
 
In January-May 2020 period, according to the BEC classification, the ratios of intermediate goods, capital goods and consumption goods in total imports were 76.1 percent, 13.4 percent, 10.1 percent, respectively.
 
In January-May 2020 period, the main partner country for exports was Germany with 5 billion 812 million dollars.
 
The country was followed by the US with 3 billion 829 million dollars, the UK with 3 billion 445 million dollars, Iraq with 3 billion 375 million dollars, Italy with 2 billion 974 million dollars. The ratio of the first five countries in total exports was 31.6 percent in January-May 2020.
 
THE MAIN PARTNER FOR IMPORTS: CHINA
 
In May 2020, the top country for Turkey's imports was China with 1 billion 863 million dollars. The country was followed by Germany with 1 billion 231 million dollars, Russia with 1 billion 172 million dollars, the US with 764 million dollars and Italy with 483 million dollars. The ratio of first five countries in total imports was 41.2 percent in May 2020.
 
In January-May 2020, the top country for Turkey's imports was China with 8 billion 440 million dollars. It was followed by Germany with 7 billion 587 million dollars, Russia with 7 billion 548 million dollars, the US with 5 billion 282 million dollars and Italy with 3 billion 180 million dollars. The ratio of first five countries in total imports was 38.8 percent in January-May 2020.
 

View More Articles

15/07/2025
16:57 Urgent demands from TTB for the process
15:10 Suwayda statement from Damascus: Ceasefire declared
15:03 Druze Spiritual Leader: The statement made in our name does not reflect our will
14:43 Damascus forces enter Suwayda: Curfew declared
14:38 Nagehan Avcil from OHD: Recognition of the ‘Right to Hope’ will contribute to the peace process
13:05 Newala Qesaba faces threat of concrete development
11:09 Lawyer following ceremony: Legal reforms must be implemented swiftly
10:04 Peace process is an opportunity to end attacks on nature say ecologists
09:26 Tells PJAK meeting: Freedom is only possible through national unity
09:13 Margaret Owen: No real peace process can until Öcalan is free
08:14 'Democratic Society Meetings' continue
14/07/2025
18:01 14 July resistance fighters commemorated in many cities
17:48 DEM Party Imrali Delegation to meet Minister of Justice
17:00 DEM Party İmralı Delegation's statement on 'meeting note'
15:48 Ahmet Özer released from 'urban concencus' case
15:25 Request of arrest to 3 people beaten for listening to Kurdish song
15:22 Clashes in Suwayda: 37 killed
13:23 High-level meeting between KDP and PUK
11:40 DBP, DEVA, SAADET: Commission and legal process should not be delayed
11:02 Palestine Action banned in the UK: An unjust legislation
10:51 Wan residents to state: We expect official confirmation, not just words
09:00 İmralı delegation's meeting date with political parties announced
08:49 'Democratic Society' meetings continue
08:33 CHP-affiliated Şile Municipality Mayor arrested
13/07/2025
22:13 Statement from DAANES on talks with the Damascus administration
15:58 The duty to build peace lies with all of us says DEM Party Group Deputy Chair
14:03 25 thousand people informed about the ‘Peace and Democratic Society Process’
12:43 People of Amed: We want freedom and equality
11:55 Two of her children joined the PKK: We all have a great burden on our shoulders
11:29 Mother sees her daughter at ceremony after 12 years: We want peace
10:52 IHD Co-chair who followed ceremony: The state has no more excuse
10:33 Women figth for national unity: Goal is national congress
10:03 DEM Party MPs: Parliament should play an active role in solution
09:47 Footage of forest destruction in Besta and Biliga
09:17 Rights defenders received weapons inventory to prepare report
12/07/2025
12:08 Preparoty footage of the historical ceremony
09:55 Weapons destroyed, a historic step towards peace
09:38 95 years have passed since the Zilan Massacre
09:25 People await regulation in Parliament
11/07/2025
20:17 Davutoglu: What we must do now is leading the new era
20:12 I hope this step will bring good results says Erdogan
20:09 Bese Hozat: We took this step with a clear decision
17:07 Echo of historic ceremony in Amed: Demand constitutional guarantees for those who lay down arms
16:51 CHP Chair Ozel: Process must be managed in Parliament with swift and decisive steps
16:27 Names of participants in historical ceremony of PKK
16:15 We reached end of our work on commission says Parliament Speaker
16:04 Peace Mothers: The state has no more excuses, it must take action
15:32 Nechirvan Barzani: Important and encouraging step
14:36 People watch historical ceremony of PKK with rapt attention
14:13 Footage of historic ceremony of PKK