Turkish exports to OIC countries rises 14 percent
Turkey's exports during the first 10 months of 2000 rose 0.8 percent to stand at $22.08 billion, compared to the same period in 1999, while imports rose by 3.4 percent to $43.87 billion, reported the State Institute of Statistics (DIE). As a result, the foreign trade deficit rose 107.6 percent to $21.7 billion.
While Turkey's exports to countries of the Commonwealth of Independent States (CIS) increased by three percent during the first 10 months of 2000, compared to the corresponding period in 1999, its exports to the European Union (EU) countries decreased by 0.7 percent and exports the European Free Trade Area countries dropped by 13.3 percent.
During the same period, exports to the Black Sea Economic Cooperation (BSEC) countries rose by 6.9 percent, and exports to the Organization for Islamic Conference (OIC) countries rose by 14.1 percent.
Turkey's imports from the EU member countries increased 25.9 percent during the first 10 months of 2000; while imports from the EFTA countries were up 25.7 percent; from the CIS countries by 57.9 percent, and the BSEC countries by 60.8 percent.
According to DIE, the imports of capital goods during the first 10 months rose from $6.84 million in 1999 to $8.94 million. Imports of consumer goods increased from $3.43 billion to $5.82 billion. Consumer goods rose by 47.6 percent and its share in total imports became 13.3 percent.
Exports of agricultural and forestry products increased 6.5 percent during the first 10 months, exports of mining and quarry products rose 1.5 percent, exports of manufacturing sector rose 91.7 percent, but exports of fishery products decreased 42.4 percent. ¯ (Albawaba-MEBG)
© 2000 Mena Report (www.menareport.com)