The Federation of Turkish Food and Beverage Industry Associations announced foreign trade data for January

Published 2024년 3월 2일

Tridge summary

Turkey's agriculture, food and beverage sector experienced an 11.63% increase in exports in January 2024, reaching $2.17 billion, while imports fell by 16.77% to $1.6 billion, resulting in a trade surplus of $830 million. The most exported products were flour, hazelnuts, and tangerines, with the sugar and confectionery sector leading in total exports. Conversely, the highest imports were in the animal feed sector, with wheat, soybeans, and cattle being the most imported items. Notably, wheat imports fell by 46.3%, while cattle imports rose by 65%.

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

Original content

According to the Digital Data Panel of the Federation of Turkish Food and Beverage Industry Associations (TGDF), which was prepared based on the Foreign Trade Data of the Turkish Statistical Institute (TUIK), in the first month of this year, the agriculture, food and beverage sector increased by 11.63 percent compared to the same period last year. It exported 2.17 billion dollars with an increase and imported 1.6 billion dollars with a decrease of 16.77 percent. In January, the Foreign Trade Balance gave a surplus of 830 million dollars. According to the Foreign Trade Data published within the framework of the Special Trade System (ÖTS), exports increased by 11.63 percent in January compared to the same period last year, while imports decreased by 16.77 percent. Wheat imports decreased in January, cattle imports increased. While wheat imports decreased in January, the increase in cattle imports continued in the first month of the year. In this month, the most wheat, soybeans and ...

Source: Iha