Turkey was the fifth-largest trading partner of the EU in the first 10 months of this year with trade volume of 127.4 billion euros ($142.2 billion), the union's statistical authority said Tuesday.
EU exports to Turkey totaled 60.3 billion euros ($67.3 billion), while imports from the country were 67.1 billion euros ($74.9 billion) during the same period, leaving Turkey with a trade surplus of 6.8 billion euros ($7.6 billion), Eurostat data showed.
The EU's foreign trade balance posted a 28 billion euros ($31 billion) deficit in the first 10 months of this year, the statistical body said. The 28-member bloc's exports of goods totaled 1.69 trillion euros ($1.89 trillion) in January-October with a year-on-year rise of 3.8%, Eurostat data showed.
Its imports from the rest of the world amounted to 1.72 trillion euros ($1.92 trillion), rising 4.4% during the same period. Intra-EU28 trade went up 1.6% on an annual basis to nearly 3 trillion euros ($3.35 trillion) between January and October.
The U.S. was the top market for EU exporters with 376.9 billion euros ($420.7 billion) or a share of 22% of the bloc's total exports.
The EU's other major export markets were China, Switzerland, Russia and Turkey.
On the imports side, China was the main source, with 351 billion euros ($392 billion), accounting for 20.3% of total imports. It was followed by the U.S., Russia, Switzerland and Turkey.
In January-October, the bloc's trade balance saw the highest deficit with China – 166 billion euros ($185.3 billion) – and the biggest surplus with the U.S., with 130.6 billion euros ($145.8 billion).
Please click to read our informative text prepared pursuant to the Law on the Protection of Personal Data No. 6698 and to get information about the cookies used on our website in accordance with the relevant legislation.
6698 sayılı Kişisel Verilerin Korunması Kanunu uyarınca hazırlanmış aydınlatma metnimizi okumak ve sitemizde ilgili mevzuata uygun olarak kullanılan çerezlerle ilgili bilgi almak için lütfen tıklayınız.