According to the Turkish Food and Beverage Industry Associations Federation (TGDF) Digital Data Panel, in the first 8 months of 2021, the agriculture, food and beverage industry realized exports of $13.8 billion and imports of $10.6 billion.
With the statement made by TGDF, TGDF Digital Data Panel data prepared by Agrimetre, based on the Foreign Trade Data announced by the Turkish Statistical Institute, was shared.
According to the calculations that include all GTIP items between chapters 01 to 24 and selected products from chapters 29 and 35, the foreign trade balance of the sector increased by 35.3% in the first 8 months of 2021 compared to the same period of the previous year.
According to the foreign trade data published within the framework of the Summary Trade System (OTS), In the first 8 months of 2021, that is, in the 2/3 part, exports increased by 18.8% compared to the same period of the previous year and reached $13.8 billion, while imports increased by 14.6% and reached $10.6 billion.
On a monthly basis, in August 2021, exports increased by 38% compared to the same month of the previous year and reached $1.74 billion, while monthly imports increased by 56.2% to $1.43 billion.
In August, besides the increase in monthly exports compared to the same month of the previous year, the great increase in monthly imports drew attention.
Imports showed a significant upward trend in the first months of 2021. In April, there was a sign of change in this trend with the slowdown in the monthly export and import growth rate, which increased by 25% compared to the same month of the previous year.
While exports increased significantly in May, the decline in imports in May for the first time in 2021 compared to the same month of the previous year showed that the high import trend that had been continuing since the beginning of the year changed.
The positive trend of increasing exports and slowing down imports continued in June, gaining strength. In July and August, this trend changed and the increase in imports attracted attention.
UNIT EXPORT VALUE INCREASED 1.8% IN THE FIRST 8 MONTHS OF 2021 COMPARED TO THE SAME PERIOD OF THE PREVIOUS YEAR
According to the data, foreign trade surplus, which was adversely affected by the upward trend in imports in early 2021, fell behind the same period of the previous year in the first four months of the year.
With the arrival of May data, foreign trade surplus for the first time in 2021 exceeded the same period of the previous year, and in the first 5 months of 2021, it increased by 32.1% compared to the same period of the previous year and amounted to $1.63 billion.
In the first 8 months of 2021, the foreign trade surplus increased by 35.3% compared to the same period of the previous year and amounted to $3.16 billion.
In the first 8 months of 2021, the unit export value increased by 1.8% compared to the same period of the previous year and amounted to $1,091/ton. Import unit value, on the other hand, increased by 34.2% compared to the same period of the previous year and reached $620/ton.
The continuation of the unit import value at a high level since the beginning of 2021 was considered as a negative development.
THE MOST EXPORTED PRODUCTS IN AUGUST WAS FLOUR, PASTA AND FROZEN CHICKEN MEAT
In the first 8 months of 2021, the prominent products in exports were flour, hazelnut kernels and pasta, respectively, and these products constituted approximately 13.7% of total exports.
In the same period, the most imported products were soybean, wheat and crude sunflower oil, respectively. These 3 products constituted approximately 28.2% of total imports.
In August 2021, the most exported products were flour, pasta and frozen chicken meat, while the most imported products were wheat, soybean and barley.
The high level of imports of soybean in June, July and August drew attention, which is largely used by the feed sector. In this product, over $800 million were imported in May-August.
42.8% OF TOTAL EXPORTS WAS REALIZED BY 5 SECTORS
When the foreign trade data for the first 8 months of the year are analyzed by sectors, Sugar and Sugar Products, Nuts, Fresh Fruit, Vegetable Oil and Fisheries and Fisheries sectors are listed as the sectors that export the most. 42.8% of total exports were realized by these 5 sectors.
In the same period, the Animal Feed, Vegetable Oil, Flour, Cocoa-Chocolate and Tobacco and Products sectors were listed as the sectors that imported the most.
When the foreign trade data in the first 8 months of 2021 are analyzed on a country basis, the top 5 exporting countries were Iraq, Germany, Russia, the USA and Italy. Exports to these 5 countries constituted 35.5% of total exports.
The most exported products by country were flour, chicken meat, wafers and waffles for Iraq, packaged hazelnuts, hazelnut kernels and cherries for Germany, and trout, peach and tangerines for Russia.
When the import data on a country basis is analyzed, the countries with the highest imports in the first 8 months of 2021 were Russia, Brazil, Ukraine, USA and Malaysia. Imports from these 5 countries constituted 48.8% of total imports.
The prominent products in imports from Russia were wheat, crude sunflower oil and grain corn, soybeans, coffee, tobacco in imports from Brazil, and grain corn, wheat and soybeans in imports from Ukraine.
Source: Sabah / Translated by Irem Yildiz