Foreign trade figures for June announced

According to the preliminary foreign trade data for June announced by the Ministry of Trade, exports decreased by 10.5 percent compared to the same month of the previous year. While monthly exports totalled 20.9 billion USD, the foreign trade balance posted a deficit of 5.4 billion USD.

According to the data of the Ministry of Trade, foreign trade balance posted a deficit of 5.4 billion dollars in June.

In June 2023, compared to the same month of the previous year; exports decreased by 10.5 percent to 20 billion 901 million dollars, imports decreased by 16.8 percent to 26 billion 297 million dollars, foreign trade volume decreased by 14.1 percent to 47 billion 198 million dollars.

Exports decreased by 1.8 percent in the January-June period of 2023 compared to the same period of the previous year and became 123 billion 377 million dollars, imports increased by 4.3 percent and became 184 billion 795 million dollars. In this period, foreign trade volume increased by 1.7 per cent to 308 billion 172 million dollars.

In the statement of the ministry, the reason for the annual decrease was shown as the pause in orders and deliveries due to the 9-day Eid al-Adha.

China was the country with the highest imports in June
The countries with the highest exports in June were; Germany (1 billion 780 million dollars), USA (1 billion 330 million dollars) and England (1 billion 12 million dollars).

The countries with the highest imports in June were; China (3 billion 818 million dollars), Russian Federation (2 billion 981 million dollars) and Germany (2 billion 12 million dollars).

The country with the highest imports in May was Russia.

The share of the top 10 countries with the highest share in imports in total imports was 58.9 per cent.

In June, the share of exports by sectors was 95.2 percent (19 billion 896 million dollars) for manufacturing industry, 2.8 percent (583 million dollars) for agriculture, forestry and fishing sector, 1.5 percent (318 million dollars) for mining and quarrying sector.

The share of imports by sectors in June was 82.1 percent (21 billion 588 million dollars) for manufacturing industry, 10.6 percent (2 billion 789 million dollars) for mining and quarrying sector, 4.8 percent (1 billion 259 million dollars) for agriculture, forestry and fishing sector.