July Foreign Trade Data Announced

According to the statement made by the Ministry of Commerce, exports increased by 8,4 percent to 20 billion 93 million dollars, while imports increased by 11,1 percent to 32 billion 476 million dollars.

According to the statement made by the Ministry, in the January-July period of 2023, exports decreased by 0,6 percent to 143 billion 435 million dollars, while imports increased by 5,1 percent to 217 billion 52 million dollars.

In July 2023, compared to the same month of the previous year; Exports increased by 8,4 percent to 20 billion 93 million dollars, Imports increased by 11,1 percent to 32 billion 476 million dollars, Foreign trade volume increased by 10,0 percent to 52 billion 569 million dollars. In the January-July period of 2023, compared to the same period of the previous year; Exports decreased by 0,6 percent to 143 billion 435 million dollars, Imports increased by 5,1 percent to 217 billion 52 million dollars, Foreign trade volume increased by 2,8 percent to 360 billion 487 million dollars.

In the January-July period of 2023, compared to the same period of the previous year; Exports decreased by 0,6 percent to 143 billion 435 million dollars, Imports increased by 5,1 percent to 217 billion 52 million dollars, Foreign trade volume increased by 2,8 percent to 360 billion 487 million dollars.

In July 2023, compared to the same month of the previous year; The ratio of exports to imports decreased by 1,5 points to 61,9 percent. Excluding energy data, the ratio of exports to imports decreased by 9,7 points to 68,8 percent. Excluding energy and gold data, the ratio of exports to imports decreased by 9,6 points to 75,5 percent.

The countries to which we export the most in July are respectively; Germany (1 billion 677 million dollars), Italy (1 billion 103 million dollars) and the USA (1 billion 101 million dollars). The share of the top 10 countries with the largest share in exports in total exports was 48,0 percent.

The countries we import the most in July are respectively; China (4 billion 602 million dollars), the Russian Federation (3 billion 736 million dollars) and Germany (2 billion 841 million dollars). The share of the top 10 countries with the largest share in imports in total imports was 62,4 percent.

The country groups to which we export the most in July, respectively; European Union (EU-27) (8 billion 627 million dollars), Near and Middle Eastern Countries (3 billion 398 million dollars) and Other European Countries (3 billion 30 million dollars).

The country groups from which we imported the most in July, respectively; European Union (EU-27) (10 billion 29 million dollars), Asian Countries (8 billion 648 million dollars) and Other European Countries (7 billion 348 million dollars).

According to the classification of Broad Economic Groups (BEC) in July, the highest export was made in the "Raw Materials (Intermediate Goods)" group with 10 billion 313 million dollars (an increase of 1,2 percent), while this group was made in the group with 6 billion 762 million dollars (an increase of 8,0 percent). ) “Consumption Goods” and “Investment (Capital) Goods” groups followed with 2 billion 448 million dollars (29,3 percent increase).

According to the classification of Broad Economic Groups (BEC) in July, the most imports were made in the “Raw Materials (Intermediate Goods)” group with 22 billion 622 million dollars (3,9% decrease), and this group was 5 billion 124 million dollars (54,7 percent increase) respectively. ) “Investment (Capital) Goods” and “Consumption Goods” groups followed with 4 billion 715 million dollars (99,7 percent increase).

The share of exports by sectors in July, respectively; Manufacturing Industry was 92,9 percent ($ 18 billion 676 million), Agriculture, Forestry and Fishing industry was 5,0 percent ($ 1 billion 10 million), Mining and Quarrying industry was 1,6 percent ($ 314 million).  In July, the share of imports by sectors, respectively; Manufacturing Industry was 84,5 percent (27 billion 447 million dollars), Mining and Quarrying industry was 9,2 percent (2 billion 995 million dollars), Agriculture, Forestry and Fishing industry was 3,5 percent (1 billion 123 million dollars).