Turkey's exports rose 14.8% year-on-year in June.

Turkey's statistical authority, TurkStat, announced Friday the foreign trade figures for June.

According to TurkStat figures, exports rose 14.8% year-on-year in June and reached USD 9,567 million TL.

Imports in June rose 21.5% year-on-year and reached 15,185 million USD while the foreign trade deficit rose 34.9% and reached 5,619 million USD, figures revealed.

Ratio of exports to imports dropped to 63% in June 2010 from 66.7% in June 2009.

In the first half of 2010, exports rose 14.9% and reached USD 54,822 million. Imports in H1 rose 33.6% year-on-year and reached USD 83,324 million while the foreign trade deficit rose 94.6% and reached USD 28,501 million.

In the mean period, the ratio of exports to imports dropped to 65.8% from 76.5% in 2009.

Turkey's exports to EU in June rose 5.1% year-on-year and reached USD 4,190 million. The share of exports to EU countries, in Turkey's overall exports was 43.8%.

Biggest importer of Turkish goods, in May 2010, has been Germany with USD 855 million.

Exports to this country rose 7.5% year-on-year in June. Germany was followed by England (USD 567 million), Italy (USD 549 million) and Iraq (USD 480 million).

Russia (1,795 million USD) topped the the list of importers of products from Turkey in the mean month. Russia was followed by China (USD 1,514 million) Germany (USD 1,383 million), and the U.S. (USD 1,098 million). 

AA