Over the same period, the foreign trade deficit was up by 25.4%, and reached 5,363 Million Dollars. In March 2008 exports coverage of imports was 68.1% while it was 67.7% in March 2007.
51.1% of Turkey's exports went to the European Union. In the January-March period exports to the EU totalled 16,937 Million Dollars and increased by 26.6% over 2007.
In January-March 2008, Turkey's main export partner was Germany with 3,402 Million Dollars an increase of 25.1%. In March 2008, exports to Germany was 1,166 Million Dollars and increased by 12.9% in comparison with the same period of the previous year. For exports, Germany was followed by Italy (705 Million Dollars), the UK (677 Million Dollars), France (598 Million Dollars), Russia (598 Million Dollars) and UAE (510 Million Dollars).
In January-March 2008, while the European Union Countries were the most intensive country group for imports (18,996 Million Dollars), followed by other European Countries (10,598 Million Dollars), Asian Countries (13,517 Million Dollars) and Free Zones in Turkey (357 Million Dollars).
In March 2008, the top country for Turkey’s imports was Russia (2,483 Million Dollars), records for imports range from Germany (1,633 Million Dollars), China (1,308 Million Dollars), Italy (974 Million Dollars) and the USA (864 Million Dollars).
For January-March 2008, road vehicles and their parts had by far the highest value of goods exported at 5,259 Million Dollars and then, iron and steel 2,742 Million Dollars, machineries, mechanical appliances, boilers, equipments and parts 2,531 Million Dollars, gold, pearl and other precious stone and products, coins 2,523 Million Dollars, articles of apparel and clothing accessories 2,132 Million Dollars.
At the same period, the top categories for imports were mineral fuels and mineral oils (10,932 Million Dollars) and then machineries, mechanical appliances, boilers, equipments and parts (5,858 Million Dollars) and iron and steel (5,357 Million Dollars).
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