Türkiye's foreign trade volume rises in August
Türkiye's foreign trade volume exceeded $52 billion in August, rising 9.4 percent compared with the same month last year, according to data compiled under the General Trade System.
Exports increased 8.1 percent year-on-year to $23.467 billion, while imports rose 10.5 percent to $28.706 billion.
The foreign trade deficit widened 22.3 percent to $5.24 billion, while the export-to-import coverage ratio stood at 81.8 percent.
Raw materials accounted for the largest share of exports at $13.154 billion. Germany remained Türkiye's top export destination with $1.759 billion in shipments.
The manufacturing sector continued to dominate exports, accounting for 93.5 percent of total outbound shipments, followed by agriculture with 3.2 percent and mining with 2.3 percent.
On the import side, intermediate goods represented the largest category, totaling $20.287 billion. China remained Türkiye's biggest source of imports, with purchases amounting to $4.710 billion during the month.
In the January-August period, exports increased 4 percent year-on-year to $185.006 billion, while imports rose 5.3 percent to $250.791 billion.
Türkiye's foreign trade deficit for the first eight months of the year reached $65.785 billion.(ILKHA)
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