Foreign trade deficit increased by 5.7%
In May, foreign trade deficit rose by 5.7% to 7 billion 759 million dollars.
Export coverage ratio of the import was 64.9% in May 2017, but fell to 64.8% in May 2018.
According to the series seasonally and calendar adjusted, exports increased by 0.3%.
According to the series seasonally and calendar adjusted; in May 2018, exports increased by 0.3% compared to the previous month, while imports decreased by 1.7%. According the the series adjusted for calendar effects; in May 2018, exports increased by 5.2% and imports by 3.1% compared to the same month of the previous year.
Exports to the European Union increased by 19.3%
Exports to the European Union (EU-28) increased by 19.3% compared to the same month of 2017 and amounted to 7 billion 287 million dollars. EU’s share in exports was 45% in May 2017, while it was 50.9% in May 2018.
The most exported country was Germany
Exports to Germany amounted to 1 billion 357 million dollars in May 2018, Italy with 885 million dollars, the UK with 858 million dollars and Spain with 759 million dollars respectively followed this country.
China took first place in imports
Imports from China amounted to 2 billion 80 million dollars in May 2018. This country was followed by Germany with 2 billion 18 million dollars, Russia with 1 billion 732 million dollars and England with 1 billion 439 million dollars.
The share of high-tech products in manufacturing industry exports was 4.1%.
According to technology intensity, foreign trade data includes manufacturing industry products included in ISIC Rev.3 classification. According to ISIC Rev.3, the share of manufacturing industry products in total exports in May is 93.7%. The share of high-tech products in exports of manufacturing industry products was 4.1%, while the share of medium-high technology products was 37.2%.
The share of high-tech products in manufacturing industry imports was 11.5%.
The share of manufacturing industry products in total imports is 82.2%. In May, the share of high-tech products in imports of manufacturing industry products was 11.5%, while the share of medium-high technology products was 41.8%.
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