Overseas commerce deficit continues to rise

Overseas commerce deficit elevated by 268 p.c

TurkStat introduced the overseas commerce information for September. Accordingly, in September, exports elevated by 9.2 p.c in comparison with the identical month of the earlier yr and amounted to 22 billion 612 million {dollars}, whereas imports elevated by 38.1 p.c to 32 billion 208 million {dollars}.

Thus, the overseas commerce deficit elevated by 268.1 p.c in September in comparison with the identical month of the earlier yr and reached 9 billion 595 million {dollars}.

Within the January-September interval, exports elevated by 17 p.c in comparison with the identical interval of the earlier yr and reached 188 billion 152 million {dollars}. In the identical interval, imports elevated by 40.4 p.c and reached 271 billion 249 million {dollars}.

9 MONTHS OPEN 83 BILLION DOLLARS

Thus, the 9-month overseas commerce deficit elevated by 156.3 p.c in comparison with the identical interval of the earlier yr and rose from 32 billion 423 million {dollars} to 83 billion 97 million {dollars}.

Whereas the ratio of exports to imports was 88.8 p.c in September 2021, it decreased to 70.2 p.c in September 2022. Whereas this fee was 83.2 p.c within the January-September interval of 2021, it decreased to 69.4 p.c in the identical interval of 2022.

Export, import and overseas commerce stability, September 2022:

In accordance with the financial actions, the share of the manufacturing trade in September 2022 was 95.3 p.c, the share of the agriculture, forestry and fisheries sector was 2.6 p.c, and the share of the mining and quarrying sector was 1.5 p.c.

Within the January-September interval, the share of the manufacturing trade in exports in line with financial actions was 94.7 p.c, the share of agriculture, forestry and fisheries sector was 2.9 p.c, and the share of mining and quarrying sector was 1.9 p.c.

GERMANY RANKS FIRST IN EXPORT

In September, Germany took the primary place in exports. Whereas the export to Germany is 2 billion 3 million {dollars}, this nation is respectively; It was adopted by the USA with 1 billion 378 million {dollars}, Iraq with 1 billion 277 million {dollars}, the UK with 1 billion 205 million {dollars}, and the Russian Federation with 1 billion 147 million {dollars}.

RUSSIA IS AT THE TOP IN IMPORT

Russia took the primary place in imports. Whereas the import from Russia was 6 billion 226 million {dollars} in September, this nation is respectively; China with 3 billion 709 million {dollars}, Switzerland with 2 billion 129 million {dollars}, Germany with 2 billion 37 million {dollars}, and the USA with 1 billion 512 million {dollars}. Imports from the primary 5 international locations constituted 48.5 p.c of whole imports.