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Turkey: The agricultural and food products sector closed the summer with imports

Turkiye
Published Oct 7, 2021

Tridge summary

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 8 months of 2021, the agriculture, food and beverage industry realized exports of 13.8 billion dollars and imports of 10.6 billion dollars. 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 35.3% in the first 8 months of 2021 compared to the same period of the previous year.

Original content

According to the foreign trade data published within the framework of the Summary Trade System (ÖTS), exports increased by 18.8% compared to the same period of the previous year to 13.8 billion dollars, and imports increased by 14% in the first 8 months of 2021, that is, in the 2/3 part. increased by 0.6 to reach $10.6 billion. Big increase in imports in August! On a monthly basis, in August 2021, exports increased by 38% compared to the same month of the previous year and reached 1.74 billion dollars, while monthly imports increased by 56.2% to 1.43 billion dollars. In August, besides the increase in monthly exports compared to the same month of the previous year, the significant increase in monthly imports drew attention. Imports showed a significant upward trend in the first months of 2021. In April, there was a sign of change in this trend with the slowdown in the monthly increase in exports and imports, which increased by 25% compared to the same month of the previous year. ...
Source: Gidatarim
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