Turkish exports increased by 0.1% in November 2019, year-on-year.

The Turkish Statistical Institute (TUIK) and the Turkish Ministry of Commerce announced provisional Turkish trade data on Tuesday.

Turkish exports increased by 0.1% in November 2019 compared to the same period in 2018. The total amount of exports was $15,503 million.

Imports also increased by 9.7% in the same period, reaching $17,737 million.

The trade deficit was 2,234 million dollars. The coverage rate, which was 95.8% in November 2018, increased to 87.4% in the space of one year.

As regards the January-November period, the volume of exports was 156 billion 886 million dollars, after an increase of 1.8%, and that of imports was 183 billion 686 million dollars, with a decrease of 11%, year-on-year.

The trade deficit fell by 48.8% in the January-November 2019 period compared to the same period last year. This deficit is 26.8 billion dollars.

Germany was the first target for Turkish exports ($1,393 million). It was followed by Iraq ($956 million), the United Kingdom ($915 million), and Italy ($837 million).

On the other hand, the leading source country for Turkish imports was Russia ($1,985 million). It was followed by China ($1,772 million), Germany ($1,656 million), and the United States ($802 million).

Source: http://www.tuik.gov.tr/