World Bulletin / News Desk
Turkish exports increased 8.5 percent in July 2012 when compared to July 2011.
It reached 12.8 billion USD, said TurkStat, Turkey's statistical authority, on Friday.
Meanwhile, imports decreased 1.5 percent to 20.7 million USD in July 2012 when compared to July 2011.
In July 2012, foreign trade deficit decreased from 9.2 million USD to 7.8 million USD.
Calendar adjusted exports increased 8.5 percent and imports decreased 5.3 percent in July 2012 when compared to July 2011.
Seasonally and calendar adjusted exports decreased 1.1 percent and imports decreased 1.7 percent in July when compared to June.
In July 2012, exports coverage imports was 62 percent while it was 56.3 percent in July 2011.
As compared to July 2011, exports to EU decreased 21.9 percent in July 2012.
The share of the EU countries in export was 34.3 percent in July 2012, while it was 47.7 percent in July 2011.
In July 2012, the main partner country for exports was Iran (2.158 million USD), followed by Germany (1.037 million USD), Iraq (912 million USD), the United Kingdom (638 million
USD) and Russia (552 million USD).
In July 2012, the top country for Turkey's imports was Russia (2.416 million USD), followed by Germany (1.823 million USD), China (1.802 million USD) and the U.S. (1.275 million USD).