Turkey Foreign Trade Statistics July 2007

Exports increased by 24.3% in January - July compared with the same period of the last year...

According to the provisional data, in July 2007; exports grew by 26% and reached to 8,907 Million Dollars, and imports grew by 28.5% and reached to 15,041 Million Dollars. At the same period, foreign trade deficit raised by 32.1%, reached from 4,642 Million Dollars to 6,134 Million Dollars.

In July 2007 exports coverage imports was 59.2% while it was 60.4% in 2006.

In January-July 2007, exports grew (24.3% in 2007 compared with 2006) to 58,413 Million Dollars; imports grew (18.6% in 2007 compared with 2006) to 92,512 Million Dollars. As compared with the same period of the previous year, the foreign trade deficit was up by 9.9% reached to 34,099 Million Dollars.

57.1% of the exports to the European Union...

The weight of the EU in Exports has continued in January-July 2007 period. As compared with the same period of the previous year, exports to EU were 33,332 Million Dollars increased by 25.5%. The proportion of the EU countries was 57.1% while the proportion of Free Zones in Turkey was 2.8% and the others was 40.1%.

In January-July 2007, the main partner for exports was Germany with 6,605 Million Dollars and increased by 22.1%. In July 2007, exports to Germany was 983 Million Dollars and increased by 28.3% in comparison with the same period of the previous year. For exports, Germany was followed by the UK (751 Million Dollars), Italy (571 Million Dollars), France (486 Million Dollars), Spain (408 Million Dollars) and Russia (398 Million Dollars).

In January-July 2007, while the European Union Countries were the most intensive country group for imports (37,598 Million Dollars), followed by other European Countries (18,934 Million Dollars), Asian Countries (24,350 Million Dollars) and Free Zones in Turkey (691 Million Dollars).

For July 2007, the top country for Turkey’s imports was Russia (2,025 Million Dollars), records for imports range from Germany (1,448 Million Dollars), China (1,113 Million Dollars), Italy (962 Million Dollars) and Switzerland (904 Million Dollars).

Road vehicles are forefront in exports according to chapters...

For January-July 2007, road vehicles and their parts has by far the highest value exported at 8,976 Million Dollars and then, iron and steel 5,023 Million Dollars, machineries, mechanical appliances, boilers, equipments and parts 4,910 Million Dollars and articles of apparel and clothing accessories knitted 4,616 Million Dollars.

At the same period, the top categories for imports were mineral fuels and mineral oils (17,520 Million Dollars) and then machineries, mechanical appliances, boilers, equipments and parts (12,279 Million Dollars) and iron and steel (9,178 Million Dollars).


In July 2007, the volume indices increased.

In July 2007, according to foreign trade indices, with the 2003 base year, produced by the provisional foreign trade data, the overall export and import volume indices increased by 12.5% and 20.5% respectively, compared to the corresponding month of the preceding year.

In July 2007, by the corresponding month of the preceding year, while the export volume index for agriculture and forestry decreased by 35.4%, fishery, mining and manufacturing increased by 61.4%, 28.5% and 13.9% respectively.

The import volume index for agriculture and forestry, mining and manufacturing went up by 54.6%, 7.8% and 23.9% respectively, over the same month.


The unit value indices rose.

In the year to July, compared to the corresponding month of the preceding year, the overall export and import unit value indices rose by 12.2% and 8% respectively.

In the same month, compared to July 2006, the export unit value index for fishery fell by 5.7%. On the other hand, the same index for agriculture and forestry, mining and manufacturing increased by 28.5%, 21.9% and 11.6% respectively.

In July 2007, the import unit value index for agriculture and forestry, mining, manufacturing, raised by 11.3%, 2.6% and 8.7% respectively, as compared with the corresponding month of the preceding year .

From July 2006 to July 2007, the export unit value index for textile and wearing apparel, the major components of the index, increased by 10.6% and 13.8% respectively.


The volume indices for motor vehicles and trailers increased.

In July 2007, compared to July 2006, the volume index of export and import for motor vehicles and trailers went up by 23.2% and 8.6% respectively.

In the year to July, compared with the corresponding month of the preceding year, the export and the import volume index for manufacture of basic metals, one of the important sector within manufacturing sector increased by 6.9% and 82.3% respectively. The export and import unit value indices for the same sector rose by 17.7% and 12.4% respectively