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Turkey: Exports increased by 33% in November

In November, compared to the same month of the previous year, it increased by 33.7% to $21 billion 506 million, while imports increased by 27.3% to $26 billion 908 million.

TurkStat announced provisional foreign trade data for November. Accordingly, exports increased by 33.7% to $21 billion 506 million in November compared to the same month of the previous year, while imports increased by 27.3% to $26 billion 908 million.

In the January-November period, exports increased by 33.8% compared to the same period of the previous year and reached $203 billion 94 million, while imports increased by 23.0% and reached $242 billion 443 million.

In November, the foreign trade deficit increased by 6.9% compared to the same month of the previous year and rose to $5 billion 402 million. However, in the 11-month period, the foreign trade deficit decreased by 13.2% to $39 billion 350 million.

SHARE OF INTERMEDIATE GOODS IS 79%

According to the economic activities, the share of the manufacturing industry in November was 94%, the share of the agriculture, forestry and fishery sector was 3.6%, and the share of the mining and quarrying sector was 1.7% in November.

In imports, in November 2021, the share of intermediate goods was 79.4%, the share of capital goods was 12% and the share of consumer goods was 8.4%.

Source: Haberturk / Translated by Irem Yildiz

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