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

Published 2021년 10월 6일

Tridge summary

The Turkish agriculture, food, and beverage industry experienced a 35.3% increase in the foreign trade balance in the first 8 months of 2021 compared to the same period in the previous year, with exports reaching $13.8 billion and imports $10.6 billion. The most significant month was August, which saw a 38% increase in exports and a 56.2% increase in imports. The sectors with the highest exports were Sugar and Sugar Products, Nuts, Fresh Fruits, Vegetable Oil, and Fisheries and Aquaculture, contributing 42.8% to total exports. On the other hand, Animal Feed, Vegetable Oil, Flour, Cocoa-Chocolate, and Tobacco and Products were the sectors with the highest imports, accounting for 66.2% of total imports, with the Animal Feed Sector alone contributing 27.8% to total imports.

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 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. 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% ...

Source: Gidatarim