ID :
158338
Fri, 01/28/2011 - 16:49
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https://oananews.org//node/158338
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Turkey makes largest exports in 2010 to Germany
ANKARA (A.A) - Germany claimed the top place in a list of countries to receive the largest volume of Turkish exports in 2010 with $11.4 billion, according to Turkey's statistics authority.
Britain and Iraq followed Germany on the second and third spots with $7.2 billion and $6.5 billion, respectively.
Iran emerged as a rising trade partner for Turkey in 2010 which saw a 50.3 percent increase in its imports from Turkey with $3.1 billion. Iran's exports to Turkey also was up by 124.5 percent to reach $7.6 billion.
Russia --a major supplier of natural gas-- was the top country to make the largest volume of exports to Turkey with $21.6 billion. Turkey ran a trade deficit of some $17 billion with exports stood at $4.6 billion that marked an increase of 45.2 percent over the previous year.
Turkey's exports amounted to $113.9 billion and imports reached $185.9 billion in 2010. Rise in foreign trade deficit increased 84.5 percent as imports has risen more than exports. Deficit in foreign trade balance is calculated as 71.6 percent.
Following is a chart showing Turkey's top trade partners in 2010:
EXPORTS
-------
. Change
Country ($ thousand) (percent)
------- ----------- --------
Germany 11,453,464 17
Britain 7,223,653 21.7
Iraq 6,042,790 17.9
Italy 6,508,201 10.5
France 6,038,123 -2.8
Russia 4,632,323 45.2
UAE 3,340,185 15.3
U.S. 3,769,260 16.3
Spain 3,564,137 26.5
Iran 3,042,957 50.3
IMPORTS
-------
. Change
Country ($ thousand) (percent)
------- ----------- --------
Russia 21,592,256 11.0
Germany 17,529,872 24.4
China 17,180,042 35.5
U.S. 12,318,394 43.6
Italy 10,202,654 33.0
France 8,176,351 15.3
Iran 7,644,782 124.5
South Korea 4,764,009 52.8
Britain 4,676,567 34.6
Spain 4,839,993 28.1
Britain and Iraq followed Germany on the second and third spots with $7.2 billion and $6.5 billion, respectively.
Iran emerged as a rising trade partner for Turkey in 2010 which saw a 50.3 percent increase in its imports from Turkey with $3.1 billion. Iran's exports to Turkey also was up by 124.5 percent to reach $7.6 billion.
Russia --a major supplier of natural gas-- was the top country to make the largest volume of exports to Turkey with $21.6 billion. Turkey ran a trade deficit of some $17 billion with exports stood at $4.6 billion that marked an increase of 45.2 percent over the previous year.
Turkey's exports amounted to $113.9 billion and imports reached $185.9 billion in 2010. Rise in foreign trade deficit increased 84.5 percent as imports has risen more than exports. Deficit in foreign trade balance is calculated as 71.6 percent.
Following is a chart showing Turkey's top trade partners in 2010:
EXPORTS
-------
. Change
Country ($ thousand) (percent)
------- ----------- --------
Germany 11,453,464 17
Britain 7,223,653 21.7
Iraq 6,042,790 17.9
Italy 6,508,201 10.5
France 6,038,123 -2.8
Russia 4,632,323 45.2
UAE 3,340,185 15.3
U.S. 3,769,260 16.3
Spain 3,564,137 26.5
Iran 3,042,957 50.3
IMPORTS
-------
. Change
Country ($ thousand) (percent)
------- ----------- --------
Russia 21,592,256 11.0
Germany 17,529,872 24.4
China 17,180,042 35.5
U.S. 12,318,394 43.6
Italy 10,202,654 33.0
France 8,176,351 15.3
Iran 7,644,782 124.5
South Korea 4,764,009 52.8
Britain 4,676,567 34.6
Spain 4,839,993 28.1
