Turkey: Sharp increase in food and agricultural exports in April

Published 2021년 6월 7일

Tridge summary

The Turkish agriculture, food and beverage industry experienced a decrease in its foreign trade balance by 5.6% in the first four months of 2021, compared to the same period in the previous year, despite a 12.8% increase in exports and 17.8% increase in imports. The increase in exports is due to a significant rise in April, while imports have seen a decrease since their peak in March. The highest exports were reported in the Fruits with Shells, Sugar and Sugary Products, Fresh Fruits, Vegetable Oil, and Vegetables sectors, accounting for 42.8% of total exports. On the other hand, Animal Feed, Vegetable Oil, Flour, Starch, and Cocoa-Chocolate sectors were the largest importers, contributing to 69.7% of total imports. The import of Sunflower oil, which experienced price increases, was notable. The export and import dynamics of various sectors, including Sugar and Confectionery Products Industry, Fresh Fruits Industry, and Vegetable Oil Industry, were also highlighted.

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, in the first 4 months of 2021, the agriculture, food and beverage industry realized $7 billion in exports and $5.8 billion in imports. 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 decreased by 5.6% in the first 4 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 4 months of 2021, exports increased by 12.8% compared to the same period of the previous year and reached 6.99 billion dollars, while imports increased by 17.8% and reached 5.75 billion dollars. . Big increase in exports in April! On a monthly basis, in April 2021, exports increased by 25% compared to the same month of the ...

Source: Gidatarim