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   07 January 2009, Wednesday
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Current Situation in England

In Turkey, in the year 2005 imports of 73.1 billion dollars and exports of 116 billion dollars have been realized.

General exports have increased by 15.8% and the general imports have increased by 19 %. In this period, the portion of 5,9 billion dollars constituting approximately 8% of Turkey’s total exports has been directed to the UK, the portion of 4,7 billion dollars constituting 4% of the total imports of Turkey have been realized from the UK . These values, in comparison to the year 2004, constitute an increase of 6,7 % in exports, 8% of increase in imports.

In the year 2005, among the countries that Turkey exports the most, the UK is ranking 2nd after Germany, and ranking 7th among the countries Turkey is importing the most.  

Bilateral Trade According to the Statistics of Turkey (million Dollars)
Years   Exports   Ch.%   Imports   Ch.%   Volume   Ch.%   Balance

2001    2.174,9   6,8      1.913,8   -30,3   4.088,7  -14,5    261,1

2002    3.024,9  39,1     2.438,2     27,4  5.463,1    33,6    586,7

2003    3.658,6  20,9     3.471,4     42,4  7.130,0    30,5    187,2


2004    5.532,9  51,2     4.307,6     24,1  9.840,5    38,0    1.225,3


2005    5.915,8    6,9     4.663,1      8,3  10.578,9    7,5     1.252,7

UK has continued to preserve its position in 2005 as being one of the developed countries Turkey has a surplus in its foreign trade and has increased its exports.

96% of the exports from Turkey to UK in 2005 are industrial products. Approximately 41.3 % consist of textile/weaving products, 19.8 percent from vehicles and side industry products, 13.2% of electrical and electronic goods. Iron and steel, machinery and food are the other industrial sectors that follow. 
 
 
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General Characteristics of the UK Market
Goods Imported by the U.K.
 
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