Türkiye's foreign trade deficit decreased in November

While the export-import coverage ratio was 71.3 percent in November 2022, this ratio increased to 79.5 percent in November 2023. Türkiye's foreign trade deficit fell below 100 billion dollars to 5 billion 918 million dollars. In the January-November period, the foreign trade deficit increased by 0.1 percent and reached 99 billion 926 million dollars.

In the January-November period, foreign trade deficit increased by 0.1 percent, from 99 billion 828 million dollars to 99 billion 926 million dollars. While the export-import coverage ratio was 69.8 percent in the January-November 2022 period, it increased to 70.0 percent in the same period of 2023.

The share of the manufacturing industry in total exports was 93.3 percent

According to economic activities, the share of the manufacturing industry in exports in November 2023 was 93.3 percent, the share of the agriculture, forestry and fishing sector was 4.8 percent, and the share of the mining and quarrying sector was 1.3 percent.

According to economic activities in the January-November period, the share of the manufacturing industry in exports was 94.4 percent, the share of the agriculture, forestry and fishing sector was 3.7 percent, and the share of the mining and quarrying sector was 1.5 percent.

Exports increased by 0.7 percent

According to the series free of seasonal and calendar effects; In November 2023, exports increased by 0.7 percent compared to the previous month, while imports decreased by 3.1 percent. According to the series adjusted for calendar effects; In November 2023, exports increased by 5.4 percent compared to the same month of the previous year, while imports decreased by 5.6 percent.

The country with the most exports is Germany

Germany ranked first in exports in November. While exports to Germany amounted to 1 billion 750 million dollars, these countries are; It was followed by the United Arab Emirates with 1 billion 365 million dollars, Iraq with 1 billion 285 million dollars, the USA with 1 billion 262 million dollars, and Italy with 1 billion 103 million dollars. Exports to the top 5 countries constituted 29.4 percent of total exports.

Germany ranked first in exports in the January-November period. While exports to Germany were 19 billion 415 million dollars, these countries are; It was followed by the USA with 13 billion 519 million dollars, Iraq with 11 billion 535 million dollars, Italy with 11 billion 359 million dollars and the United Kingdom with 11 billion 265 million dollars. Exports to the top 5 countries constituted 28.8 percent of total exports.

China ranks first in imports

China ranked first in imports. While imports from China amounted to 3 billion 555 million dollars in November, these countries are; It was followed by the Russian Federation with 3 billion 458 million dollars, Germany with 2 billion 374 million dollars, the United Arab Emirates with 1 billion 467 million dollars, and the USA with 1 billion 361 million dollars. Imports from the first 5 countries constituted 42.2 percent of total imports.

China ranked first in imports in the January-November period. While imports from China amounted to 41 billion 711 million dollars, these countries are; It was followed by the Russian Federation with 41 billion 395 million dollars, Germany with 26 billion 170 million dollars, Switzerland with 18 billion 815 million dollars, and the USA with 14 billion 448 million dollars. Imports from the first 5 countries constituted 42.8 percent of total imports