Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Turkish exports increased by 46.9pc to $19.8bn in June compared to June 2020, while imports rose by 38.7pc to $22.6bn in the same period leading to a decrease of 0.2pc in its foreign trade deficit to $2.9bn, according to the Turkish Statistical Institute (TUIK).


Turkey exported iron and steel worth $1.55bn in June, up 97.6pc from the same month last year while imports at approximately half the value rose by 53.2pc to $818mn.


Exports from the country increased by 39.8pc to $104.9bn in H1 2021 with imports overtaking exports and growing 27.4pc to $126.1bn compared to the same year-ago period. The foreign trade deficit fell by 11.4pc to 21.2bn in H1 2021 against the same year-ago period. 


Germany was Turkey’s main partner for exports in H1 2021 and in June while China was the main import partner during both the timeframes under review.


The manufacturing industry’s products comprised 94.8pc of total exports with high-technology industries’ products rising by 20pc, medium to high-tech industries growing by 38.5pc, medium-tech industries increasing by 46.8pc, and low-technology manufacturers improving by 38.2pc in H1 2021 against the same six months in 2020.

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