In November, imports of 12.7 billion dollars and exports of 7.9 billion dollars were realized in Istanbul; both exports and imports increased. 43.1 percent of exports were made to European countries and 15.7 percent to Arab countries. Germany was the country with the highest level of imports and exports. 40.2 percent of the newly established companies and 47.5 percent of those closed or liquidated were in Istanbul.
Istanbul Metropolitan Municipality IPA Istanbul Statistics Office published the January 2021 Real Markets Istanbul Economy Bulletin, which evaluates the real markets in Istanbul. Transactions that took place in November were reflected in the figures as follows:
Export and import increased in Istanbul
Exports in Istanbul increased by 1.3 percent compared to the same period of the previous year and reached 7.9 billion dollars. In the total of the provinces except Istanbul, it decreased by 3 percent and was realized as 8.2 billion dollars. In the same period, imports in Istanbul increased by 28.3 percent to 12.7 billion dollars. Total imports outside of Istanbul increased by 1.3 percent to 8.5 billion dollars.
43.1 percent of exports to European countries
43.1 percent of exports were made to European countries and 15.7 percent to Arab countries in November. In trade with European Union countries, exports decreased by 1.6 percent annually to 3.4 billion dollars; imports increased by 39.1 percent to $ 4.95 billion. Exports to Arab countries decreased by 6.3 percent annually to $ 1.24 billion, and imports increased by 62.5 percent to $ 1.18 billion.
Highest export and import from Germany
In November, the highest exports and imports were from Germany. While exports to Germany were realized at the same level as the same period of the previous year, it was 749 million dollars, while imports increased by 49.6 percent and reached 1.66 billion dollars. The country with the highest exports after Germany was the United Kingdom with 683 million dollars, and the third country was France with 406 million dollars. In imports, Germany was followed by Switzerland with 1.53 billion dollars and China with 1.49 billion dollars.
The highest export in the manufacture of motor vehicles
The sector with the highest level of exports was the manufacture of motor vehicles with a share of 15.2 percent; an annual increase of 2.9 percent. This sector was followed by the manufacture of clothing excluding fur with a 9.1 percent contraction, followed by main iron and steel manufacturing with an increase of 28.9 percent.
22.6 percent of imports are in precious base metals
22.6 percent of imports were in the manufacture of precious base metals and other non-ferrous metals, 11.5 percent in the manufacture of motor vehicles and 3.8 percent in the manufacture of refined petroleum products. 56 percent increase in imports from the manufacture of precious base metals and other non-ferrous metals, 155.8 percent increase in the manufacture of motor vehicles; There was a 23,3 percent decrease in the manufacture of refined petroleum products.
47.5 percent of the companies closed down, in Istanbul
40.2 percent of the companies established and 47.5 percent of the companies closed or liquidated took place in Istanbul. According to the Turkey Union of Chambers and Commodity Exchanges records, in November, the number of companies established an annual 2.1 percent in Istanbul; It increased by 19.6 percent in the total of other provinces except Istanbul. 44,5 percent of the established companies are wholesale and retail trade; It happened in the field of repair of motor vehicles and motorcycles.
The number of companies that were closed down and liquidated decreased by 7.1 percent in Istanbul and 11.7 percent in the total of other provinces except Istanbul.
Reel preparing Markets Newsletter January 2021, Turkey Statistical Institute (TUIK), Turkey Union of Chambers and Commodity Exchanges (TOBB) and the Ministry of Commerce data were utilized.
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