TURKSTAT announced foreign trade data for August. Accordingly, in August, exports increased by 13.1 percent to 21 billion 337 million dollars, while imports increased by 40.4 percent to 32 billion 531 million dollars.
Thus, in August, the foreign trade deficit increased by 159.9 percent compared to the same month of the previous year and reached 11 billion 194 million dollars, breaking a record on a monthly basis.
Thus, in the first 8 months of the year, exports increased by 18.2 percent compared to the same period of the previous year and reached 165 billion 608 million dollars, while imports reached 239 billion 43 million dollars with an increase of 40.7 percent.
In the January-August period, the foreign trade deficit increased by 146.3 percent compared to the same period of the previous year and reached 73 billion 435 million dollars.
EXPORT-IMPORT FEEDBACK DROPPED
While the ratio of exports to imports was 82.5 percent in the January-August period of 2021, it decreased to 69.3 percent in the same period of 2022.
Export, import and foreign trade balance, August 2022:
In August, Germany took the first place in exports. While the export to Germany is 1 billion 664 million dollars, this country is respectively; It was followed by the USA with 1 billion 483 million dollars, Iraq with 1 billion 258 million dollars, the United Kingdom with 1 billion 104 million dollars, and Russia with 949 million dollars.
RUSSIA RANKS FIRST IN IMPORT
Russia took the first place in imports. While imports from Russia amounted to 6 billion 297 million dollars in August, this country is respectively; China with 4 billion 147 million dollars, Germany with 2 billion 49 million dollars, Switzerland with 1 billion 750 million dollars, and the USA with 1 billion 324 million dollars.