Ministry of Trade announced foreign trade data for March. Accordingly, in March compared to the same month of the previous year; exports decreased by 4.1% to 22 billion 578 million dollars and imports decreased by 5.7% to 30 billion 95 million dollars.
Ministry data revealed that in the January-March period of 2024, exports increased by 3.6% to 63 billion 656 million dollars and imports decreased by 12.6% to 84 billion 128 million dollars.
March export-import coverage ratio increased by 1.26 points compared to the same month of the previous year and reached 75%. Excluding energy and gold data, the ratio of exports to imports increased by 1.54 points to 91.2%.
Germany ranked first in exports
The countries with the highest exports in March were Germany (1 billion 749 million dollars), Italy (1 billion 301 million dollars) and the USA (1 billion 264 million dollars).
Most imports from China
The countries with the highest imports last month were China (3 billion 900 million dollars), Russia (3 billion 680 million dollars) and Germany (2 billion 148 million dollars).
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