Ministry of Commerce Announces April Export Figures

ministry of commerce announces export figures for april
ministry of commerce announces export figures for april

According to GTS, exports decreased by 41,38% in April compared to the same month of the previous year and reached 8 billion 993 million dollars. Due to the epidemic, unprecedented market and demand shrinkage in our major export countries, especially in EU countries, and quarantine measures at the borders have been the main reason for the decline in our April exports.


According to GTS, exports decreased by 41,38% in April compared to the same month of the previous year and reached 8 billion 993 million dollars.

The economic effects of the Covid-19 epidemic, which affected the whole world both socially and economically adversely since March, started to be seen much harder and sharper in April, and continued to affect our exports negatively.

As a matter of fact, due to the epidemic, unprecedented market and demand shrinkage and quarantine measures at the borders, especially in EU countries, were the main reason for the decline in our April exports. EU countries' GDP contracted by 3,5% in the first quarter, and this figure corresponds to the highest shrinkage seen since 1995 when data was announced on a quarterly basis. Similarly, it was announced that the US economy contracted by 4,8% beyond the expectations in the same period.

This decrease observed in March and April caused our exports, which increased by 2% in the first 4,0 months of the year, to show negative growth as of the 4-month period.

In April, our imports decreased by 28,31% compared to the same month of the previous year and reached 12 billion 957 million dollars.

OUR FOREIGN TRADE DEFICIT IS 3,9 BILLION USD IN APRIL

While our foreign trade deficit was realized as 3 billion 965 million dollars in April, our foreign trade volume decreased by 34,31% compared to the same month of the previous year and became 21 billion 950 million dollars.

In April 2020, the ratio of our exports to our imports was 69,4%; In January-April period, it was 75,4%

THE HIGHEST EXPORT EXPORT WE HAVE EXPLORED “WINNERS AND MACHINES” IN APRIL

Our exports in the section of "Boilers and Machinery" decreased by 39,28% in April to $ 918 million. Other chapters we exported most in April were “Iron and Steel” ($ 654 million) and “Electrical machinery and equipment” ($ 531 million), respectively.

THE COUNTRY WE EXPORT TO GERMANY

In April, the countries to which we export the most are Germany, the USA and Iraq respectively, while China, Germany and Russia took the first three places in imports. In April, our exporters managed to reach 205 different export markets.

However, due to the epidemic, our exports in April were compared to the same month of the previous year due to the unprecedented market and demand shrinkage seen in our major export countries, especially the EU countries, and quarantine measures at the borders; 66% to France; 59% to Spain; 57,7% to England; 51% to Italy; 48,8% to Belgium; 35,9% to Germany; It decreased by 34,4% to Iraq and 25,1% to the USA.

OUR BIGGEST TOP 3 EXPORT MARKETS CREATE 22,6% OF OUR TOTAL EXPORT

According to GTS, while the top three countries that we export the most are 22,6% of our total exports as of April, the share of the top three countries to which we import the most is 30,5%.

On the other hand, due to the Covid-19 epidemic, the top 5 countries in terms of value decrease in April in terms of value compared to the same period of the previous year were England, Germany, France, Spain and Italy. While the share of these countries in our total exports was 2019% in April 29,05, it decreased by 2020 points to 5,0% in April 24,07. On the other hand, the decrease in our exports to these countries corresponds to 6% of the total decrease of 348 billion 36,10 million dollars in our exports in April.

Similarly, our exports to the European Union countries in April amounted to 49 billion 3 million dollars with a 739% decrease compared to the same month of the previous year, while our exports to these countries accounted for 41,9% of our total exports.

The increase in exports to Azerbaijan, which was seen in April 2020, by 7,88%, to Hong Kong by 28,8% and to South Korea by 51,0%, attracted attention.

THE MOST USED TRANSPORTATION IN FOREIGN TRADE HAS SEA TRANSPORTATION.

Considering the transportation modes of the exports realized in April 2020, the most exports were made by “Sea Road” (5 billion 689 million dollars), whereas this way of transportation was “Road Road” (2 billion 662 million dollars) and “Airway” transportation (489 million respectively). dollars).

Regarding the transportation modes of imports, the most imports are made by "Sea Road" (8 billion 703 million dollars), while "Land Road" transportation (2 billion 263 million dollars) and "Air Line" (1 billion 791 million dollars) ) followed.

THE MOST PREFERRED PAYMENT TYPE OF GOODS ACCOUNTED IN EXPORT

Considering the preferred forms of payment in exports in April 2020; The most exports were made with “Payment Against Goods” (5 billion 424 million dollars), followed by “Prepayment Payment (1 billion 536 million dollars) and“ Documentation Against Payment ”(736 million dollars). Considering the preferred forms of payment in imports; While most imports were made with “Payment Against Goods” (7 billion 330 million dollars), this form of payment was followed by “Cash Payment” (2 billion 918 million dollars) and “Term Letter of Credit” (823 million dollars).

WE CONTINUOUSLY CONTINUOUS OUR WORK TO BE THE COUNTRY THAT IS MADE EASY AND SAFE.

As the Ministry, the “Authorized Responsible Practice”, which we have developed in line with the aim of being the easiest and safest trade country of our country, continues successfully. Within the scope of the said application, 501 firms, which managed to increase their competitiveness by benefiting from many facilities, constituted 2020% of our total exports and 22,57% of our total imports in April 29,42. The total foreign trade volume of our companies benefiting from the facilitating foreign trade practices offered by our Ministry has reached 2020 billion 5 million Dollars in 841. (2 billion 29 million dollars export, 3 billion 812 million dollars import).

WE REALIZE OUR FOREIGN TRADE WITH OUR NATIONAL CURRENCY

With the call of our President, we continue to increase the use of our domestic and national currency unit in foreign trade. In April, the number of countries where we export our national currency transactions was 168, while in the same period, our import transactions were carried out in Turkish lira with 103 countries. In April 2020, the total of foreign trade that we made with Turkish Lira was 8 billion 922 million TL, of which 2 billion 952 million TL was exports and 5 billion 970 million TL was imports.

HKS NOTIFICATION NUMBER REACHED 12.8 MILLION

As of April 2020, the number of active firms operating in our country decreased by only 146, compared to the previous month, to 1 million 936 thousand 554, while limited companies accounted for 44,5% of total active firms. As the Ministry, the number of people registered in the Hal Register System, which we developed and successfully implemented in order to ensure stability in consumer prices and to provide confidence to our consumers, increased by 6,64% compared to the previous year, while the number of notifications in the system was 12 million 776 thousand.

SHARE OF THE TAX COLLECTED BY THE CUSTOMS ADMINISTRATION 22,41%

The tax amount collected by the customs administrations was 10 billion 690 million TL in April. In January-March period of 2020, while the total tax revenues of our country were 176 billion 100 million TL, the share of taxes collected by the Customs Authorities in the total tax revenues was 22,41%. The total amount of taxes collected by the Customs Authorities in 2020 was 50 billion 149 million TL.

THE NUMBER OF WOMEN'S TRADES INCREASED

At the end of April, the number of tradesmen and craftsmen operating in our country has reached 2 million 20 thousand 150. Since the beginning of 2020, the number of tradesmen and craftsmen has increased by approximately 79 thousand. We continue to take steps to strengthen our women's positions in the economy. As of the end of April, the number of women shopkeepers and craftsmen increased to 309, while the number of women shopkeepers increased by approximately 810 thousand in the last year.

For April data Click here



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