Turkey’s export climb by 25.5 percent in Jan-March period

The State Institute of Statistics (DIE) announced the provisional foreign trade figures in March of 2004. According to the figures, exports increased 25.5 percent from 10 billion 365.4 million U.S. dollars to 13 billion 4.2 million U.S. dollars, and imports rose 40.7 percent from 14 billion 367.1 million U.S. dollars to 20 billion 213 million U.S. dollars.

The foreign trade deficit climbed 80.1 percent from 4 billion 1.7 million U.S. dollars to 7 billion 208.8 million U.S. dollars, and the rate of exports meeting imports decreased from 72.1 percent to 64.3 percent.

Meanwhile, exports increased 27.9 percent from 3 billion 908.3 million U.S. dollars to 4 billion 999.1 million U.S. dollars, and imports rose 40.9 percent from 5 billion 755.5 million U.S. dollars to 8 billion 107.2 million U.S. dollars in March of 2004.

The foreign trade deficit increased 68.3 percent to 3 billion 108.1 million U.S. dollars, and the rate of exports meeting imports decreased from 67.9 percent to 61.7 percent.

Imports of consumption goods rose 119.4 percent from 492.4 million U.S. dollars to 1 billion 80.3 million U.S. dollars in March, and rose 102 percent from 1 billion 292.5 million U.S. dollars to 2 billion 610.8 million U.S. dollars in the January-March period of the year.

Imports of capital goods increased 86.6 percent from 1 billion 827 million U.S. dollars to 3 billion 409.5 million U.S. dollars, and imports of intermediate goods increased 26.2 percent from 11 billion 161.9 million U.S. dollars to 14 billion 89.8 million U.S. dollars.

Imports of manufacturing industry goods rose 48.7 percent to 16 billion 187.4 million U.S. dollars; imports of mining and quarry products rose 9.9 percent to 2 billion 573.8 million U.S. dollars; and imports of agricultural and forestry products climbed 51 percent to 651.9 million U.S. dollars while imports of fishery products reduced 27.6 percent to 829 thousand U.S. dollars.

Exports of capital goods rose 25.1 percent to 1 billion 179.6 million U.S. dollars; exports of intermediate goods increased 18.9 percent to 5 billion 86.4 million U.S. dollars; and exports of consumer goods climbed 31.4 percent to 6 billion 702.9 million U.S. dollars.

In the first three months of the year, exports of agricultural and forestry products rose 5.4 percent to 634.5 million U.S. dollars; exports of manufacturing industry goods increased 26.7 percent to 12 billion 167.3 million U.S. dollars; and exports of mining and quarry products climbed 25 percent to 112.6 million U.S. dollars while exports of fishery products reduced 2.7 percent to 17 million 124 thousand U.S. dollars.

Turkey’s exports to the European Union (EU)-member countries rose 24.4 percent to 6 billion 889.3 million U.S. dollars. Imports from the EU-member countries increased 45.2 percent from 6 billion 194.7 million U.S. dollars to 8 billion 994.8 million U.S. dollars.