Turkey: Foreign trade balance increased by 43 percent in the first 7 months

Published 2021년 9월 2일

Tridge summary

The Turkish agriculture, food, and beverage industry experienced a 43% increase in foreign trade balance in the first seven months of 2021 compared to the same period in the previous year, with exports reaching $12.06 billion and imports $9.2 billion. The most notable products exported were hazelnut kernels, flour, and pasta, while soybean, wheat, and crude sunflower oil were the most imported products. The animal feed industry was the largest importer, followed by the vegetable oil sector. Exports increased in sectors such as sugar and sugar products, vegetable oil, fisheries, fresh fruit, and white meat, while imports increased in the starch sector, vegetable oil sector, animal feed sector, packaged water sector, and alcoholic beverages sector. The top five exporting countries were Iraq, Germany, Russia, USA, and Italy.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the TGDF Digital Data Panel prepared by Agrimetre, based on the Foreign Trade Data announced by the Turkish Statistical Institute (TUIK), the agriculture, food and beverage industry realized 12.06 billion dollars of exports and 9.2 billion dollars of imports in the first 7 months of 2021. According to the calculations that include all GTIP items between chapters 01 to 24 and selected products from chapters 29 and 35, the foreign trade balance of the sector increased by 43% in the first 7 months of 2021 compared to the same period of the previous year. According to the foreign trade data published within the framework of the Summary Trade System (ÖTS), in the first 7 months of 2021, exports increased by 16.5 percent compared to the same period of the previous year and reached 12.06 billion dollars, and imports increased by 10.1 percent to 9.20 billion dollars. . MONTH-BASED EXPORT FIGURES In July 2021, exports increased by 4.5 percent compared to the same month of the ...

Source: Sondakika