turkey trade balance 2019

 
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The trade surplus remained until 2018 but turned to a deficit of EUR 1.5 billion in 2019.

The four largest import partners of the EU were China (19 %), the United States (12 %), the United Kingdom (10 %) and Russia (7 %). EU exports to Turkey were highest in 2017 (EUR 77 billion) and lowest in 2009 (EUR 42 billion). 29 November 2019 Turkey’s trade balance deteriorates. Turkey's trade deficit narrowed to USD 2.85 billion in June of 2020 from USD 3.43 billion in the corresponding month of the previous year. It shows that Turkey (EUR 142 billion, 1 %) was the 23The position of Turkey among the largest trade partners of the EU in 2019 can be seen in Figure 3a. EU Member States speak and negotiate collectively, both in the The openness of the EU's trade regime has meant that the EU is the biggest player on the global trading scene and remains a good region to do business with. The EU-27 data reflect the political change in the EU composition. For this reason data on trade with the United Kingdom are not fully comparable with data on trade with other extra-EU-27 trade partners. In 2018, Turkey's exports per capita were $2.14k and its imports per capita were $2.45k. More detail about the goods exchanged between the EU and Turkey is given in Figure 7, showing the 20 most traded goods at SITC-3 level. Read more. Therefore the United Kingdom is considered as an extra-EU partner country for the EU-27. In 2019, Turkey was the sixth largest partner for EU exports of goods (3 %) and also the sixth largest partner for EU imports of goods (4 %). Balance of Trade July 13, 2020. Balance of Trade

Imports plunged 27.8 percent to an over ten-year low of USD 13.38 billion, due to lower purchases of intermediate goods (-29.2 percent), consumption (-37.9 percent) and capital (-11.4 percent). Table reflects only those months for which there was trade. Turkey: Current account swings into deficit amid nosediving exports. Exports plunged 41.4 percent year-on-year to an over nine-year low of USD 8.99 billion, mainly due to lower sales of manufacturing products (-43 percent) and mining & quarrying (-8.3 percent). The EU trade policy is an important element of the external dimension of the 'Europe 2020 strategy for smart, sustainable and inclusive growth' and is one of the main pillars of the EU's relations with the rest of the world. While imports retrenched further, exports expanded, bringing Turkey’s overall trade deficit to a ten-year low of €26.3 billion. Figure 3b has some more details. 2019 : U.S. trade in goods with Turkey . Considering the first four months of the year, the country’s trade gap increased to USD 14.54 billion from USD 8.67 billion a year earlier.Turkey's trade deficit widened sharply to USD 5.39 billion in March of 2020 from USD 1.91 billion in the same month of last year. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Considering the first quarter of 2020, the country’s trade gap advanced to USD 12.91 billion from USD 5.94 billion in the same period a year earlier, with exports decreasing 4 percent and imports climbing 10.3 percent. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Bulgaria (19.4 %) had the highest share for Turkey in its extra-EU imports. As a consequence, while imports from any other extra-EU-27 trade partner are grouped by country of origin, the United Kingdom data reflect country of consignment.

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