The Ministry of Commerce announced unofficial provisional foreign trade data compiled from administrative records. In this context, it was stated that the exports in August 2018 decreased by 6.49 percent compared to the same month of the previous year, reaching 12 billion 389 million dollars.
Imports decreased by 22.38 percent in August compared to the same month of the previous year, reaching 14 billion 875 million dollars. According to the data shared by the Ministry, foreign trade volume decreased by 15.88 percent compared to the same month of the previous year and reached 27 billion 264 million dollars.
The export-import coverage ratio increased to 83.3 percent. In the last 12-month period; Exports reached 162 billion 417 million dollars with an increase of 6.5 percent compared to the previous year, and imports reached 242 billion 725 million dollars with an increase of 12.1 percent. Foreign trade volume increased by 9.8 percent compared to the previous year and reached 405 billion 143 million dollars.
In August 2018, the most exported section was "motor land vehicles" (1 billion 294 million dollars), followed by "precious or semi-precious stones" (1 billion 187 million dollars) and "boilers, machines" (1 billion 166 million dollars). It was stated that in August 2018, the most imported section was "mineral fuels, mineral oils" (3 billion 543 million dollars), followed by "boilers, machinery" (1 billion 654 million dollars) and "iron and steel" (1 billion 406 million dollars).
In August 2018, the top three export countries were Germany with 1 billion 129 million dollars, England with 912 million dollars and Iraq with 650 million dollars, respectively. In August 2018, the top three import countries were Russia with 1 billion 589 million dollars, China with 1 billion 447 million dollars and Germany with 1 billion 280 million dollars, respectively.