Exports increased by 9.8% to $ 15 billion 857 million in February Author iDealData


Ministry of Trade: Exports increased by 9.8% in February to 15 billion 857 million dollars

The Ministry of Commerce published the foreign trade statistics for February.

According to GTS, our exports increased by 9.6% in February compared to the same month of the previous year and reached 16 billion 12 million dollars. In the same month, our imports increased by 9.8% compared to the same month of the previous year and reached 19 billion 372 million dollars.

In February, our foreign trade volume increased by 9.7% compared to the same month of the previous year and reached 35 billion 384 million dollars, and the ratio of exports to imports was 82.7%.

According to GTS, in February, our exports excluding gold increased by 9.8% and our imports excluding gold increased by 12.5% ​​compared to the same month of the previous year.

excluding trade, in February 2021 compared to the same month last year,

  • Exports increased by 9.8% to 15 billion 857 million dollars,
  • Imports increased by 12.5% ​​to 18 billion 349 million dollars,
  • Foreign trade volume increased by 11.2% and reached 34 billion 206 million dollars.
  • The ratio of exports to imports was 86.4%.

Excluding unprocessed or semi-processed gold imports, February imports increased by 12.5% ​​compared to the same month of the previous year. However, excluding unprocessed or semi-processed gold foreign trade, the ratio of exports to imports increased to 86.4% in February.

It is seen that the negative effects of the contraction in the world economies due to the Covid-19 epidemic, which has greatly affected the world both socially and economically since March 2020, began to disappear as of June 2020, when both our country and the world economies entered the normalization process. Our export, which was 8 billion 979 million dollars in April 2020 as a result of the contraction caused by the Covid-19 epidemic in international trade, was 16 billion 12 million dollars in February 2021. With this value, the highest February export value of all years was realized.

“Motor Land Vehicles” was the Section We Exported the Most in February

Under the “Motor Vehicles” section, our exports decreased by 0.1% in February compared to the same month of the previous year, and amounted to 2 billion 173 million dollars. Other sections to which we exported the most in February were “Boilers and Machinery” ($ 1 billion 626 million) with an increase of 11.6% and “Electrical machinery and equipment” ($ 912 million) with an increase of 22.2%, respectively.

On the other hand, with the effect of the normalization process, the sections, whose exports increased significantly in February compared to January, stand out. Accordingly, in February compared to the previous month, exports of Iron and Steel sections were 10.3%, Plastics and Products section exports were 13.3%, Iron or steel articles exports were 19.2% and Rubber and rubber goods section exports were 11.1%. has increased.

Most Exported Country Germany

The countries to which we export the most in February are Germany (1 billion 498 million dollars), England (968 million dollars) and the USA (917 million dollars), while the top three places in imports are China (2 billion 240 million dollars), Russia (1 billion dollars). 721 million dollars) and Germany (1 billion 704 million dollars). Our exporters managed to reach 210 different export markets in February.

Our Top 3 Biggest Export Markets Made 21.1% of Our Total Exports

In February, our exports to Germany, England and the USA, which are the top three countries to which we export the most according to GTS, accounted for 21.1% of our total monthly exports, while China, the Russian Federation and Germany, which are the top three countries from which we import most Its share in our monthly imports was 29.2%.

In addition, within the framework of the “New Road Map in Trade”, our exports to China, one of our potential markets, increased by 79.6% in February 2021 compared to the same month of the previous year, and our exports to Russia increased by 0.5%.

Compared to the same month last year, it was seen in February 2021, 10.1% for Italy, 18.2% for France, 6.1% for Spain, 63.2% for the United Arab Emirates. The increase in exports to Israel and Israel by 16.5% was noteworthy.

While the exports we made to the European Union countries in February increased by 11.8% to 6 billion 873 million dollars compared to the same month of the previous year, our exports to these countries constituted 42.9% of our total exports.

The Most Used Mode of Transportation in Foreign Trade is Sea Transportation

Considering the transportation methods of the exports made in February 2021, the most exports are made by “Seaway” (9 billion 765 million dollars), while this type of transportation is respectively “Road” (4 billion 899 million dollars) and “Airway” transportation (1 billion dollars). 169 million dollars).

Considering the modes of transportation of imports, the most imports are made by “Seaway” (10 billion 809 million dollars), and this type of transportation is respectively “Land Road” (3 billion 870 million dollars) and “Airway” (2 billion 512 million dollars). ) followed.

The Most Preferred Payment Method in Exports Was Against Goods

When we look at the payment methods preferred in exports in February 2021, most exports are made by “Payment Against Goods” (10 billion 232 million dollars), while this type of payment is “Advance Payment” (2 billion 242 million dollars) and “Payment Against Documents” ( 1 billion 735 million dollars) followed.

When we look at the preferred payment methods in imports, most imports are made with “Cash Against Goods” (10 billion 408 million dollars), while this type of payment is “Advance Payment” (5 billion 540 million dollars) and “Letter of Credit” (1 billion 102 million dollars). ) followed.

We Are Continuing Our Works With Determination To Become The Country Where Trade Is Made Easiest And Safest.

As the Ministry, the “Authorized Economic Operator Application”, which we have developed in line with the aim of being the country where our country is the easiest and safest trade, continues successfully. 549 companies, which managed to increase their competitiveness by taking advantage of many facilities such as on-site customs clearance in exports, on-site customs clearance in imports, authorized consignors and consignees, within the scope of this application, accounted for 27.8% of our total exports and 35.5% of our total imports in February 2021. formed. The total foreign trade volume of our companies benefiting from the above-mentioned facilitating foreign trade practices offered by our Ministry was realized as 11 billion 330 million Dollars in February 2021. (4 billion 456 million dollars export, 6 billion 874 million dollars import).

We Realize Our Foreign Trade with TL

With the call of our President, we continue to increase the use of our domestic and national currency in foreign trade. While the number of countries that we carried out export transactions with our national currency in February was 172, our import transactions with 110 countries were carried out with Turkish Lira in the same period.

The total foreign trade we made with Turkish Lira in February 2021 was realized as 14 billion 370 million TL, 5 billion 300 million TL of which was export and 9 billion 71 million TL of it was import.

Number of Active Firms Increased

As of February 2021, the number of active companies operating in our country reached 2 million 15 thousand 533 with an increase of 6 thousand 812 compared to the previous month, while limited companies constituted 45.9% of the total active companies. As the Ministry, the number of people registered in the Hal Registration System, which we developed and successfully implemented in order to ensure stability in consumer prices and to provide trust to our consumers, increased by 8% compared to the same month of the previous year, while the number of notifications in the system was 14 million 59 thousand 178.

Share of Taxes Collected by Customs Authorities in Total 23.5%

The amount of tax collected by the customs administrations was 18 billion 560 million TL in February 2021. In January 2021, our country’s total tax revenues were 79 billion 227 million TL, while the share of taxes collected by Customs Authorities in total tax revenues was realized as 23.55%. The total amount of taxes collected by the Customs Authorities in the January-February period of 2021 was 37 billion 219 million TL.

We Strengthen the Basics of Export-Oriented Growth With Our Women Include More In Business Life

At the end of February, the number of tradesmen and craftsmen operating in our country reached 2 million 180 thousand 705. Since the beginning of 2021, an increase of approximately 23,286 has been recorded in the number of tradesmen and craftsmen. We continue to take steps to strengthen our women’s place in the economy.

While the number of women tradesmen and craftsmen was 347 thousand 577 as of the end of February, the number of women tradesmen has increased by approximately 6 thousand since the beginning of 2021.

According to ÖTS, our exports in February increased by 8.8% compared to the same month of the previous year, and our imports increased by 9.4%.

In February 2021 compared to the same month of the last year,

  • Exports increased by 8.8% to 15 billion 102 million dollars,
  • Imports increased by 9.4% to 18 billion 640 million dollars,
  • Foreign trade volume increased by 9.2% to 33 billion 743 million dollars,
  • The ratio of exports to imports was 81%.

-iDeal News Center-

Check Also

“ECB’s asset purchase reduction heavily priced in” By Foreks

© Reuters. MARKET OVERVIEW-Barclays: ECB’s asset purchase reduction heavily priced in Analysts think the ECB’s …

Leave a Reply

Your email address will not be published. Required fields are marked *