The decrease in the foreign trade deficit to 3.1 billion dollars

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According to the General Trade System, the value of exports amounted to 18.766 billion dollars in April.

The foreign trade deficit decreased by 31.89% to 3 billion and 120 million dollars, and the ratio of exports to imports was recorded at 85.7%.

The data bulletin consisting of the Ministry of Commerce’s temporary foreign trade statistics for April was also announced.

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According to the GTS, exports increased by 109.42 percent in April compared to the same month last year, to reach 18 billion and 766 million dollars.

Despite the continuing effects of the coronavirus epidemic on Turkey and world economies, the highest export value ever was achieved in April by the said amount.

Imports also increased by 61.41 percent to reach 21 billion and 886 million dollars.

The volume of foreign trade increased by 80.37 percent in the same period, to reach 40 billion and 653 million dollars.

On the other hand, the foreign trade deficit decreased by 31.89% to 3 billion and 120 million dollars.

The ratio of exports to imports was 85.7%, and the ratio of exports excluding gold to imports was 85.6%.

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Last month, most of the exports were realized in the “raw materials (intermediate goods)” group, with a value of 9 billion and 513 million dollars.

This group was followed by “consumer goods” with a value of $ 7 billion and 165 million, and “investment goods (capital) with a value of $ 935 million.

The department also exported the most in April, “cars, tractors, bicycles, motorcycles and other land vehicles,” with a value of 2 billion and 109 million dollars.

This was followed by “boilers, machinery, equipment, mechanical tools, and nuclear reactors” with one billion and 875 million dollars, and “iron and steel” with a value of one billion and 289 million dollars.

Last month, the largest exporter was Germany, with a value of one billion and 654 million dollars.

It was followed by the United States of America with 1 billion and 182 million dollars, and the United Kingdom with 1 billion and 33 million dollars.

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Import data

Last month, most of the imports were in the group of “raw materials (intermediate goods), with a value of 16 billion and 644 million dollars.”

This group was followed by “investment goods (capital) with a value of $ 2 billion and 874 million,” and “consumer goods” with a value of $ 2 billion and $ 345 million.

The section that imported the most in April was “mineral fuels and mineral oils” with a value of 3 billion and 321 million dollars.

While the “boilers, machinery, mechanical devices, tools and nuclear reactors” division was worth $ 2 billion, $ 539 million.

And iron and steel with a value of $ 2 billion and $ 539 million, and $ 2 billion and $ 536 million. “

In this period, most of the imports from China were worth 2 billion 412 million dollars.

It is followed by Russia with 2 billion and 174 million dollars, and Germany 2 billion and 131 million dollars.

In the GTS band, exports increased in the past 12 months by 8.2 percent compared to the previous period.

It amounted to 186 billion and 762 million dollars, and imports increased by 10.5 percent to reach 233 billion and 191 million dollars.

The volume of foreign trade increased by 9.47% compared to the previous period, reaching 419 billion and 952 million dollars, and the ratio of exports to imports was 80.1%.

Foreign trade according to the special trade system

According to the Special Trade System (ÖTS), exports increased by 111.63 percent annually in April to reach $ 17.835 billion.

Imports increased by 68.01 percent to reach 20 billion and 913 million dollars.

While the foreign trade deficit decreased by 23.42 percent to 3 billion and 79 million dollars, and the volume of foreign trade reached 38 billion and 748 million dollars, an increase of 85.62 percent.

The taxes collected by customs administrations in April were calculated at 23 billion and 989 million Turkish liras.

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Company Data

As of April, the number of active limited companies reached 939 thousand and 475, and the number of commercial establishments reached 674 thousand and 402.

The number of branches reached 217 thousand and 818 companies, and the number of joint-stock companies reached 155 thousand and 598, and the number of cooperatives reached 31 thousand and 369 cooperative.

The number of cooperatives reached 10,842 companies, and the number of limited liability companies was 1923.

As of last month, the number of active companies in Turkey reached 2 million 31 thousand and 427, and the number of merchants and craftsmen work places reached 2 million, 203 thousand and 745.