Turkey’s exports to EU countries grew by 6.4 percent in June

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PHOTO: AFP

Turkey’s exports to European Union countries increased by 6.4 percent over the same period last year, reaching $6.6 billion in June, according to the national statistics authority.

The Turkish Statistics Institute (TurkStat) announced June foreign trade numbers on Tuesday, indicating a 1.3 percent decrease in exports and a 3.8 percent increase in imports year on year.

According to the data, the foreign trade deficit dropped by 9.1 percent, from $6.48 billion to $5.497 billion.

In the first six months, compared to the same period last year, Turkey’s exports grew by 6.3 percent, while imports also increased by 13.5 percent. In that period the foreign trade deficit also expanded by 31.6 percent, amounting to some $40 billion difference between exports and imports.

The share of high tech products in Turkey’s exports remained at around 3.2 percent, while they account for 13.6 percent of imports.

Germany was Turkey’s biggest trading partner with $1.308 billion in exports, followed by England with $882 million, İtaly with $815 million and the US with $627 million.

Meanwhile, Turkey’s imports came mainly from China with $1.838 billion, Russia with $1.794 billion, Germany with $1.793 billion and the US with $1.149 billion.

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