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Italy Ranks Second in Turkey's Exports

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Friday, 11 November 2011

ANKARA (A.A) - Italy became the second country to which Turkey exported the most as of the end of October 2011.

According to foreign trade figures, Turkey exported goods worth 6.9 billion USD to Italy in the first ten months of 2011.

Turkey's exports to Italy reached 636.2 million USD in October 2011.

In September 2011, Turkey's exports to Italy were 582 million USD and its imports were 896 million USD. In the first nine months of 2011, Turkey earned 6.084 billion USD from its exports to Italy but imported goods worth 10.1 billion USD.

Turkey's foreign trade deficit with Italy in the first nine months was 4.1 billion USD.

Below are the foreign trade figures between Turkey and Italy as of 1996 according to figures of the Turkish statistical authority, TurkStat:

(million USD)
Years Export Import Balance Volume
1996 1,446 4,286 -2,839 5,732
1997 1,387 4,463 -3,076 5,850
1998 1,557 4,222 -2,665 5,779
1999 1,683 3,192 -1,510 4,875
2000 1,789 4,333 -2,543 6,122
2001 2,342 3,484 -1,142 5,826
2002 2,376 4,097 -1,721 6,473
2003 3,193 5,472 -2,278 8,665
2004 4,648 6,866 -2,217 11,514
2005 5,617 7,566 -1,950 13,183
2006 6,752 8,653 -1,901 15,405
2007 7,479 9,967 -2,488 17,446
2008 7,814 11,011 -3,197 18,825
2009 3,204 4,024 -0,819 7,228
2010 6,508 10,202 -3,694 16,710
2010/4 2,236 2,956 -720 5,192
2011/4 2,898 4,326 -1428 7,224

Moreover, Turkey exported goods worth 125.2 million USD to Greece in October. Turkey's total exports to Greece in the first ten months of 2011 were 1.3 billion USD.

Turkey's exports to Greece were only 124 million USD in September 2011 but its imports reached 173 million USD. Turkey's exports to Greece amounted to 1.2 billion USD in the first nine months of 2011, but its imports totalled 1.9 billion USD.

Thus, Turkey's foreign trade deficit with Greece in the first nine months was 775 million USD.

Below are the foreign trade figures between Turkey and Greece as of 1994 according to figures of the Turkish statistical authority, TurkStat:

(million USD)
Years Export Import Balance Volume
1994 168.7 105.1 63.6 273.8
1995 209.9 200.7 9.2 410.6
1996 236.5 285.0 -48.5 521.5
1997 298.2 430.8 -132.6 729.0
1998 370.0 319.8 50.5 689.9
1999 406.8 287.6 119.2 694.4
2000 437.7 430.8 6.9 868.5
2001 476.1 266.3 209.8 742.4
2002 590.4 312.5 277.9 902.9
2003 920.4 427.7 492.7 1,348.1
2004 1,171.2 594.4 576.4 1,765.2
2005 1,126.7 727.8 398.9 1,854.5
2006 1,602.6 1,045.3 557.3 2,647.9
2007 2,262.7 950.2 1,312.5 3,212.9
2008 2,430.5 1,148.6 1,281.9 3,579.1
2009 1,634.1 1,129.6 504.5 2,763.7
2010 1,456,2 1,541,6 -853.8 2,997.8
2010/4 529.9 371.3 158.6 901.2
2011/4 538.5 618.1 -79.6 1,156,6

Friday, 11 November 2011

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Journal of Turkish Weekly (JTW)
USAK House,
Ayten Sok. No:21
Mebusevleri, Tandogan, Ankara, Turkey