According to the general trade system in November, exports increased by 5.2% and imports decreased by 5.7%

According to temporary foreign trade data produced within the scope of the general trade system in cooperation with the Turkish Statistical Institute and the Ministry of Commerce; In November 2023, exports increased by 5.2% compared to the same month of the previous year, reaching 22 billion 999 million dollars, and imports decreased by 5.7%, reaching 28 billion 916 million dollars.

In the January-November period, exports increased by 0.7% and imports increased by 0.5%

According to the general trade system, exports increased by 0.7% in the January-November period of 2023 compared to the same period of the previous year, reaching 232 billion 810 million dollars, and imports increased by 0.5%, reaching 332 billion 736 million dollars.

Foreign trade by months, November 2023


Exports excluding energy products and gold increased by 1.6% and imports increased by 6.7% in November               

Exports, excluding energy products and non-monetary gold, increased by 1.6% in November 2023, from 20 billion 451 million dollars to 20 billion 773 million dollars.

In November, imports excluding energy products and non-monetary gold increased by 6.7%, from 20 billion 294 million dollars to 21 billion 650 million dollars.

Foreign trade deficit, excluding energy products and non-monetary gold, amounted to 877 million dollars in November. Foreign trade volume increased by 4.1% and reached 42 billion 423 million dollars. In the month in question, the export-import coverage ratio, excluding energy and gold, was 96.0%. 
 
 Export development rate, November 2023


Foreign trade deficit decreased by 32.6% in November

In November, foreign trade deficit decreased by 32.6% compared to the same month of the previous year, from 8 billion 784 million dollars to 5 billion 918 million dollars. While the export-import coverage ratio was 71.3% in November 2022, it increased to 79.5% in November 2023.

Foreign trade deficit increased by 0.1% in January-November period

In the January-November period, foreign trade deficit increased by 0.1%, from 99 billion 828 million dollars to 99 billion 926 million dollars. While the export-import coverage ratio was 69.8% in the January-November 2022 period, it increased to 70.0% in the same period of 2023.

Export, import and foreign trade balance, November 2023

According to economic activities, the share of the manufacturing industry in exports in November 2023 was 93.3%, the share of the agriculture, forestry and fishing sector was 4.8%, and the share of the mining and quarrying sector was 1.3%.

According to economic activities in the January-November period, the share of the manufacturing industry in exports was 94.4%, the share of the agriculture, forestry and fishing sector was 3.7%, and the share of the mining and quarrying sector was 1.5%.

According to the classification of broad economic groups, the share of intermediate goods in imports was 67.6%, the share of capital goods was 16.9% and the share of consumer goods was 15.4% in November 2023.

In imports, the share of intermediate goods was 72.5%, the share of capital goods was 14.3% and the share of consumer goods was 13.0% in the January-November 2023 period.

Germany ranked first in exports in November. While exports to Germany amounted to 1 billion 750 million dollars, these countries are; It was followed by the United Arab Emirates with 1 billion 365 million dollars, Iraq with 1 billion 285 million dollars, the USA with 1 billion 262 million dollars, and Italy with 1 billion 103 million dollars. Exports to the top 5 countries constituted 29.4% of total exports.

Germany ranked first in exports in the January-November period. While exports to Germany were 19 billion 415 million dollars, these countries were; It was followed by the USA with 13 billion 519 million dollars, Iraq with 11 billion 535 million dollars, Italy with 11 billion 359 million dollars and the United Kingdom with 11 billion 265 million dollars. Exports to the top 5 countries constituted 28.8% of total exports.  

China ranked first in imports. While imports from China amounted to 3 billion 555 million dollars in November, these countries are; It was followed by the Russian Federation with 3 billion 458 million dollars, Germany with 2 billion 374 million dollars, the United Arab Emirates with 1 billion 467 million dollars, and the USA with 1 billion 361 million dollars. Imports from the first 5 countries constituted 42.2% of total imports.

China ranked first in imports in the January-November period. While imports from China amounted to 41 billion 711 million dollars, these countries are; It was followed by the Russian Federation with 41 billion 395 million dollars, Germany with 26 billion 170 million dollars, Switzerland with 18 billion 815 million dollars, and the USA with 14 billion 448 million dollars. Imports from the first 5 countries constituted 42.8% of total imports.

 

According to the series free of seasonal and calendar effects; In November 2023, exports increased by 0.7% compared to the previous month, while imports decreased by 3.1%. According to the series adjusted for calendar effects; In November 2023, exports increased by 5.4% compared to the same month of the previous year, while imports decreased by 5.6%.

Foreign trade data according to technology intensity covers manufacturing industry products included in the ISIC Rev.4 classification. According to ISIC Rev.4 in November, the share of manufacturing industry products in total exports was 93.3%. The share of high technology products in manufacturing industry exports is 4.0%. According to ISIC Rev.4, the share of manufacturing industry products in total exports was 94.4% in the January-November period. In the January-November period, the share of high technology products in manufacturing industry exports was 3.7%.

The share of manufacturing industry products in total imports was 81.1% in November. The share of high technology products in imports of manufacturing industry products is 12.6%. In the January-November period, the share of manufacturing industry products in total imports was 80.9%. In the January-November period, the share of high technology products in manufacturing industry product imports was 10.5%.  

 

In November, foreign trade deficit decreased by 21.8%, from 8 billion 268 million dollars to 6 billion 467 million dollars. While the export-import coverage ratio was 70.8% in November 2022, it increased to 76.5% in November 2023.

According to the special trade system, exports decreased by 1.3% to 211 billion 647 million dollars in the January-November period of 2023 compared to the same period of the previous year, and imports increased by 0.1% to 311 billion 739 million dollars.

In the January-November period, foreign trade deficit increased by 3.2%, from 96 billion 992 million dollars to 100 billion 92 million dollars. While the export-import coverage ratio was 68.9% in the January-November 2022 period, it decreased to 67.9% in the same period of 2023.

Foreign trade according to the special trade system, November 2023

Foreign trade statistics are calculated according to two different trade systems: general trade system and special trade system. In the general trade system, goods entering and leaving the economic area of ​​a country are covered. In this system, free zones, customs warehouses, which constitute the country's economic area, and goods entering or leaving the free circulation area are included in the calculations. In the private trade system, customs warehouses and free zones are not included in the statistics, only goods entering and exiting the country's free circulation area are included.

In this context, foreign trade statistics produced in cooperation with the Turkish Statistical Institute and the Ministry of Commerce have been published in detail according to the general trade system as of January 2020, in order to harmonize them with the revisions made in economic statistics such as balance of payments and national accounts. Foreign trade statistics according to the special trade system are summarized in the bulletin and its annex.