The Central Bank of the Republic of Turkey (CBRT) announced the data on its current account in July. According to the data released in July, the current account account gave more than 566 million US dollars.
Trade Minister Ömer Bolat said the following in his evaluation on X:
In July 2024, the 12-month current account deficit fell below $20 billion for the first time since April 2022.
The increase in exports and the decrease in imports also support a balanced growth structure.
The major improvement in the current account continues to provide a positive picture of the future of our economy, consolidating macroeconomic stability.
⁇ In July 2024, a surplus of 566 million dollars was given in the current account. Thus, an improvement of $5.9 billion was recorded from the current account compared to the same month of the previous year. Thus, it has been given more than 2 months in a row and will continue to be given more strongly in August.
⁇ Current account deficit in the January-July period of 2024 compared to the same period of the previous year %It was recorded as $16.0 billion, down 61.8 percent.
⁇ Thus, the peak annualized current account deficit, which was $57.0 billion in May 2023, decreased by $37.9 billion in the following months to $19.1 billion as of July 2024. Thus, the annualized current account deficit fell below the $20 billion level for the first time since April 2022.
In the same period, the annualized foreign trade deficit decreased by 39.8 billion dollars. Thus, the annualized current account deficit compared to May 2023, with the effect of the policies implemented in foreign trade, %It dropped to 66.5.
⁇ Our annualized exports in July 2024, on an annual basis %With an increase of 3.4 ⁇ , it increased to 261.5 billion dollars. Annualized imports in the same month %With a decrease of 8.0 ⁇ , it decreased to 343.9 billion dollars. Annualized foreign trade deficit creased by 32.0 percent and became 82.4 billion, while the import satisfaction rate of exports increased by 8.4 percentage points %It was 76.0.
⁇ The decline in the foreign trade deficit is accompanied by an increase in our service exports. Service revenues renewed their record in July at $106.8 billion on an annualized basis. Travel revenues under the services increased to $52.4 billion. Supports to increase exports of goods and services and the implementation results of measures to reduce imports have recorded a significant decline in the current account deficit.
· Exports according to the temporary foreign trade statistics announced by our Ministry in August %2.4% increase, while imports creased by 10.8 percent. Thus, in the foreign trade deficit %There was a strong decline of 43.4 percent. In this context, the annualized current account deficit in August is expected to fall below $16 billion.
⁇ Positive developments in the foreign trade balance make economic growth more balanced, while the improvement in the current account strengthens macroeconomic stability. As a matter of fact, in the second quarter of 2024, current account deficit %While a decrease of 52 percent was observed, %Half of the economic growth of 2.5 percent was due to net exports of goods and services. It is expected that the trend of increase in exports and decrease in imports will continue throughout 2024, and foreign trade is expected to make positive contributions to the current account balance and economic growth. As the Ministry of Trade, we will continue to work resolutely in close cooperation with our producers and exporters with the aim of increasing our share in global exports of goods and services. ⁇
Geographical Location and Transportation Potential of Turkey
Turkey is a natural bridge between Europe, Central Asia and the Middle East and has great potential in terms of transportation. The fact that Turkey is located on the passageways of three continents makes it the focal point of a transportation network extending to the Atlantic Ocean with the Strait of Gibraltar, the Arabian Peninsula and the Indian Ocean with the Suez Canal, and Eurasia and the Far East with the Black Sea-Mediterranean connections of the Turkish Straits. This situation further increases the importance of Turkey in terms of cabotage, international and transit transportation.
Importance of Sea Freight
Maritime goods transportation is the type of transportation that has the highest share in terms of both volume and value of the goods transported in Turkey, as in the whole world. According to the data of the Turkish Statistical Institute (TurkStat), exports in 2023 , while imports ,9 ⁇ u was carried out by sea. These data reveal the critical role of the seaway in our foreign trade.
Export and Import by Sea in 2023
Top 10 Countries in Our Exports by Sea
Sequence of No
Country of origin
2023 (USD only)
the Rate (%)
1
United States of America
10.215.794.394
13,7
2
History of Italy
10.117.183.427
13,6
3
History of England
9.833.552.574
13,2
4
History of Spain
8.624.789.204
11,6
5
Germany (disambigu
8.605.335.350
11,5
6
History of France
8.187.678.687
11,0
7
The Russian Fed.
6.026.534.332
8,1
8
the Netherlands
4.523.748.262
6,6
9
History of Belgium
3.243.908.589
6,0
10
History of Egypt
3.040.152.061
4,3
TOP 10 TOTAL
72.418.676.880
50,5
THE GENERAL TOTAL
143.358.000.000
100,0
Top 10 Countries in Our Imports by Sea
Sequence of No
Country of origin
2023 (USD only)
the Rate (%)
1
People of China
34.017.277.169
26,90
2
The Russian Fed.
29.351.294.398
23,21
3
Germany (disambigu
12.522.928.968
9,90
4
United States of America
8.367.031.726
6,62
5
History of Italy
8.278.587.713
6,55
6
History of Spain
8.233.947.471
6,51
7
Republic of South Korea
7.955.325.615
6,29
8
History of France
7.138.720.416
5,64
9
History of India
6.154.564.188
4,87
10
History of England
4.449.442.739
3,52
TOP 10 TOTAL
126.469.120.403
64,79
THE GENERAL TOTAL
195.172.000.000
100,0
Top 10 Products in Our Exports by Sea
The first and most important product in terms of dollar value in our exports by sea in 2023 is by far ⁇ Motorized land vehicles, tractors, bicycles, motorcycles and other land vehicles, their parts, parts, accessories ⁇ GTİP group. The share of the total of the top 10 products in our exports by sea is in 2023 %It was 53.49.
Sequence of No
Name of GTIP
The GTIP Code
2023 (USD only)
the Rate (%)
1
Motor vehicles, tractors, bicycles, motorcycles and other land vehicles, their components, parts, accessories
87
22.121.490.346
28,85
2
Mineral fuels, mineral oils and products derived from their distillation, bituminous substances, mineral waxes
27
13.963.077.676
18,21
3
Boilers, machinery, mechanical devices and instruments, nuclear reactors, their components and parts
84
9.651.435.525
12,59
4
Iron and steel
72
7.485.530.332
9,76
5
Electrical machines and devices, audio recording-exporting, television image-audio recording-exporting devices, components-parts-accessory
85
5.981.563.084
7,80
6
Iron or steel articles
73
4.852.362.943
6,33
7
Plastics and their products
39
4.594.914.360
5,99
8
Salt, sulfur, soils and stones, plasters, lime and cement
25
2.986.138.519
3,89
9
Organic-inorganic compounds of inorganic chemicals, precious metals, radioactive elements, metals and isotopes
28
2.548.527.706
3,32
10
Motor vehicles, tractors, bicycles, motorcycles and other land vehicles, their components, parts, accessories
87
2.502.098.284
3,26
TOP 10 TOTAL
76.687.138.775
53,49
THE GENERAL TOTAL
143.358.000.000
100,0
Importance of Ports in Turkey
The ports in our country are of great importance in terms of the effectiveness of our foreign trade. According to the 2023 data obtained from the Ministry of Transport and Infrastructure, the cargo amounts in tons handled in the first 10 ports of our country are shown in the tables below.
Sequence of No
the Port Authority
the Turkish Flag
with a foreign flag
the Foreign Trade
1
Kocaeli
5.207.437
63.673.890
68.881.327
2
Aliaga (disambiguation)
2.815.315
65.829.169
68.644.484
3
History of Iskenderun
2.165.726
50.972.189
53.137.915
4
Mersin
2.434.532
38.246.687
40.681.219
5
Tekirdağ
715.971
22.106.635
22.822.606
6
the Warehouse
3.308.007
16.812.690
20.120.697
7
Ceyhan
520.115
17.644.348
18.164.463
8
Samsun
641.626
11.041.354
11.682.980
9
Gemlik
1.328.546
10.159.604
11.488.150
10
Karabiga
695.717
10.537.295
11.233.012
THE TOTAL TOTAL
19.832.992
307.023.861
326.856.853
Tonne-based load quantities handled in Turkey's top 10 ports
Source of: Ministry of Transport and Infrastructure
DEVELOPMENTS IN SEAWIRE TRANSPORTATION
Problems in the Suez Canal
November 19th, 2023 The pro-Iranian Houthis, which have been operating in Yemen since then, started to target international ships passing through the Babu ⁇ l Mendeb Strait for allegedly carrying cargo to Israel in support of Hamas ⁇ a. On this development, the major international container transportation companies stopped the passage through the said strait and The Cape of Hope⁇ na is directed. The last bottleneck in the Suez Canal was in March 2021, when the Ever Given container ship blocked the passage for six days.
About the global trade of container ships %The fact that 12 ⁇ will pass through the Cape of Good Hope instead of the Suez Canal where it is transported has increased both costs and transit times. Transport between Asia and Europe according to the location of the ports of origin and destination of the Suez Canal 10 days to 14 days It is shortened between. For example, while the distance between Singapore and Rotterdam is approximately 8,400 nautical miles using the Suez Canal, the distance is approximately if the Cape of Good Hope is crossed on this route. %It increases by 40 to 11,700 nautical miles. This amounts to an additional transport time of approximately 10 days-14 days and an additional transport distance of 6,500 kilometers and an additional cost of approximately $1,000 to $2,000 per container depending on the delivery port. In case of deterioration of the container supply flow, the mentioned freight costs are expected to increase further.
Therefore, if security concerns cannot be addressed, the Cape of Good Hope route is expected to put pressure on the global supply chain in a short time. In addition, there is a possibility of a chain increase in product prices, especially fuel prices, due to the prolongation of their routes.
In terms of our country, The fact that the Suez Canal is not used by commercial ships directly affects the transportation corridors surrounding Turkey. This negative situation causes a decrease in the container stock and the amount of empty equipment in the ports in the Eastern Mediterranean and the ports in the Mediterranean of our country, and an increase in export and import freight prices. About 19,000 ships pass through the Suez Canal each year. Currently, merchant ships that cannot use the Suez Canal try to provide service by circulating the Cape of Good Hope, the southern tip of Africa, as an alternative route.
As a solution, the US administration announced the establishment of a multinational mission against the Houthis' increasing attacks on international ships in the Red Sea. Established to prevent attacks the Welfare Guard Operation In addition to the United States, the multinational mission includes the United Kingdom, Bahrain, Canada, Italy, France, the Netherlands, Norway, the Seychelles and Spain, and attempts have been made by the United States to participate in other countries in order to expand the mission. It is stated that the naval units of these countries will coordinate patrols in the Gulf of Aden and the Red Sea despite the attacks of the Houthis on commercial ships.
However, in the short term, the cargoes that reach the ports of our country by crossing the Suez canal from the Far East by container can be transported to our country by road after unloading their cargo at the ports in the Persian Gulf instead of this route. However, the ongoing internal disturbances in Iraq, Syria and Israel along this route, the lack of infrastructure in the ports mentioned and the insufficient capacity prevent the effective use of this route.
Restrictions in the Panama Canal
As is known, El Niño, one of the most important consequences of global warming and recent temperature increases, causes seawater temperatures to increase, especially in the central and eastern parts of the Pacific Ocean, and lasts nine to twelve months, occurring at intervals ranging from 2 to 7 years. El Niño is beginning to show its results on economic factors as well as climatic changes.
In this context, Panama ⁇ , which has received less rainfall than expected since the beginning of 2023, has started to experience a decrease in sea water level due to a record increase in air temperatures. The drop in water level is about 80 kilometers long, linking the Atlantic Ocean with the Pacific Ocean, and is a major contributor to world trade. %The Panama Canal, where 6 of them passed, caused a disruption in traffic. In the canal, where approximately 14,000 ships pass on an annual basis and 203 million tons of cargo pass annually, the Panama Canal Authority announced that the number of transits will be gradually reduced, and the number of transits in the canal has been reduced from an average of 36 ⁇ to 24 ⁇ per day for the first quarter of 2024 ⁇ . It has been announced that from March 2024, the limitation of 24 ship crossings per day will be increased to 27 ⁇ and daily crossings of 7 ⁇ si neomax and 20 ⁇ si panamax ships will be allowed until further notice.
In this respect, the routes of the ships had to be changed in order to prevent the long waiting times in Kanal ⁇ and in this context, the routes of the ships coming from Asya ⁇ started to be directed to the Suez Canal. Therefore, Suez crossings began to increase until the end of 2023, when the problems in the Red Sea began to show their effect. The aforementioned cuts in the Panama Canal, whose most important users are the United States and China, continue to affect the large and small economies that depend on the waterway in question.
Russia-Ukraine Crisis and Grain Corridor
The Russia-Ukraine Crisis, as in other fields, has deeply affected our country in the field of logistics, especially in the food sector, causing disruptions in the supply chain. As it is known, in order to solve the problems experienced in grain trade due to the crisis between Russia and Ukraine, ⁇ The Joint Command Coordination Center ⁇ was opened again in Istanbul ⁇ on July 27, 2022 by signing ⁇ The Safe Shipment of Grains and Foodstuffs from Ukrainian Ports Initiative ⁇ between Turkey, Russia, Ukraine and the United Nations (UN) on July 22, 2022. The duty of the center is to ensure the safe transportation of grain and similar food products to be exported from Ukraine from the ports of Odessa, Chernomorsk and Yuzhne by sea. The center consists of 5 ⁇ representatives from Russia, Ukraine and BM ⁇ , together with Turkey, including soldiers and civilians.
Periods of the Grain Corridor Agreement
the Period Period
History of
1. First Signature Date of the Semester
22.07.2022 ⁇ 19.11.2022
2. Period First Extension (120 days)
19.11.2022 ⁇ 18.03.2023
3. Period Second Extension (60 days)
19.03.2023 ⁇ 18.05.2023
4. Term Third Extension (60 days)
18.05.2023 ⁇ 17.07.2023
Periods of the Grain Corridor Agreement
The Grain Corridor Agreement, which established the Joint Coordination Center, has been mutually extended three times and in the last case, as of July 17, 2023, the Russian side announced that the agreement will not be extended again and announced that it has withdrawn. With the agreement, 1,004 ships and more than 32 million tons of grain were transported to the relevant countries through Turkey from August 1, 2022 to July 17, 2023, and the problems experienced in the food supply chain were resolved. These products are transported ⁇ ini corn, wheat and %5.8 of them are sunflower meal.
Following the end of the Grain Corridor Agreement, a temporary maritime corridor was established through the territorial waters of the countries of Turkey, Bulgaria and Romania within the framework of a new initiative initiated by Ukraine on August 16, 2023 (humanitarian corridor). As a result of the re-operation of Çornomorsk, Pivdennıy and Odesa Ports within the scope of the temporary corridor, approximately 27 million tons of products were exported within six months.
RO-RO Transportation in Turkey
Transport of Ro-Ro Roll-on/Roll-off is a type of maritime transport that allows wheeled vehicles to enter and exit ships on their own wheels. This system allows vehicles transporting on the road to make part of the journey by sea. This type of transport is particularly suitable for trucks, trucks and other wheeled vehicles.
Advantages of Ro-Ro Transportation
There are many reasons why Ro-Ro transportation is preferred:
The cost is: Ro-Ro transport is generally less costly than other types of transport.
Safety of: Carrying out transportation by sea ensures the safe transportation of vehicles and cargo.
Passport and Traffic Issues: It helps to get rid of transit document and traffic problems in different countries.
Duration of Drivers' Stay: Increases operational efficiency by shortening the duration of drivers' stay abroad.
Problems with visas: Minimizes drivers' visa-related problems.
Global and Regional Importance of Ro-Ro Transport
Ro-Ro transportation is used effectively and efficiently in intercountry, intercity, intercontinental seaway and inland waterway transportation in different geographies around the world. It plays an important role in the transportation of finished products, especially in the automotive sector. Close road maritime transport between European Union countries is supported legally and politically and is more preferred every year.
Turkey's Strategic Position in Ro-Ro Transportation
As a country surrounded by seas on three sides with more than 8,400 km of coastline, Turkey has an advantageous position in global transportation activities. Ro-Ro transportation, which is the most important and functional type of combined transportation, offers new exit routes and routes to international goods transportation by road with the advantage of Turkey's geographical location. It draws attention to the fact that the Mediterranean Sea is the most transported sea in the near road sea transportation carried out between the countries of the European Union. Especially the Italy-Turkey Ro-Ro line is one of the busiest lines.
Ro-Ro Ports in Turkey
Name of port
the City Hall
Port of Cesme
History of Izmir
Port of Mersin
Mersin
Port of Samsun
Samsun
Port of Iskenderun
Hatay
Port of Ambarlı
History of Istanbul
Port of Zonguldak
Zonguldak
Port of Haydarpaşa
History of Istanbul
Port of Taşucu
Mersin
Port of Trabzon
Trabzon
Port of Pendik
History of Istanbul
the Tekirdağ Port
Tekirdağ
Port of Tuzla
History of Istanbul
2023 Vehicle Statistics Carried on Regular Ro-Ro Lines Connected Abroad
The lines are
the Incoming Vehicle
The outgoing vehicle
Total transported vehicle
Tuzla (Pendik)-Trieste
132.393
107.659
240.052
Yalova-Sete
61.083
56.353
117.436
Çeşme-Trieste
34.327
35.037
69.364
Mersin-Trieste
27.873
28.797
56.670
Tuzla (Pendik)-Patras
3.268
2.731
5.999
Fountain of Chios
175
800
975
Tuzla (Pendik)-Bari
3.362
4.029
7.391
Category: Izmir-Sete (disambiguation)
1.824
3.458
5.282
Kocaeli-Zeebrugge
15
450
465
Gemlik and Antwerp
93
13
106
Kocaeli and Antwerp
362
6
368
Kocaeli-Bremerhaven
0
154
154
Kocaeli-Koper
2
115
117
Kocaeli ⁇ Valencia
475
1
476
Total European Ro-Ro Lines
265.252
239.603
504.855
Samsun-Tuapse
20.633
21.271
41.904
Samsun-Novorossiysk
15.990
21.047
37.037
Istanbul ⁇ Novorossiysk
73
978
1.051
Karasu-Tuapse
4.294
7.830
12.124
the Karasu - Novorossiysk
280
1.622
1.902
Istanbul ⁇ Tuapse
124
662
786
Total Black Sea Ro-Ro Lines
41.394
53.410
94.504
Mersin and Gazimağusa
20.482
21.662
42.144
Taşucu-Girne
13.675
15.311
28.986
Tashucu-Tripoli (Lebanon)
8.441
7.998
16.439
Mersin-Hayfa
2.465
2.654
5.119
Mersin-Girne
1.332
460
1.792
Taşucu and Gazimağusa
887
2
889
Iskenderun ⁇ Haifa
716
721
1.437
Total Mediterranean Ro-Ro Lines
47.998
48.808
96.806
Category: Iskenderun-Darus Salam (disambiguation)
0
114
114
Total Indian Ocean Ro-Ro Lines
0
114
114
Other Ro-Ro Lines
897
657
1.554
Total of
355.541
342.592
698.133
Source of: Ministry of Transport and Infrastructure
INFORMATION ABOUT KARASU-KÖSTENCE RO-RO LINE
Two important initiatives have been made in the field of Ro-Ro transportation between Turkey and Romania. First, on December 9, 2011, a Ro-Ro line between Pendik (Istanbul) and Constanta (Romania) was put into operation. However, this line ended in September 2012. The second attempt was made with the opening of the Karasu-Constan Ro-Ro line on February 3, 2021. Unfortunately, this line also ceased its operations on February 18, 2021. Economic factors such as Romania's high port fees, domestic customs, bridge and highway costs were instrumental in closing both lines soon after.
Operational challenges, such as the type of ship and the number of voyages, also played a role in closing these lines. In particular, problems such as the absence of Ro-Pax vessels, the absence of a customs allocated to Ro-Ro transports in the Port of Constanța, and prolonged official transactions have led to increased costs and prolonged voyage times. Applications such as X-Ray and physical control of all vehicles, and full detection of partial loads have also been effective in this process. In particular, the lack of laboratories for the analysis of products such as fresh vegetables and fruits has led to a decrease in customer demand. The deactivation of Ukrainian ports after the Russia-Ukraine war also increased the density of the Port of Constanta.
In line with the support requests of the sector, the Regulation on Supporting the Transfer of Road Freights to the Seaway published in the Official Gazette dated 9 August 2022 and numbered 31918 by the Ministry of Transport and Infrastructure has entered into force in order for the Karasu-Constance Ro-Ro line to be operational again and to gain continuity. Within the scope of this regulation, pilotage and towage fees will be supported for all ships without flag separation on the newly opened lines, and for Turkish flagged ships (Ro-Ro and Ro-Pax), additionally, for 10 miles of nautical miles per cargo unit, 2 dollars for Ro-Ro and 3 dollars for Ro-Pax. Under these conditions, a ship carrying 100 trucks, calculated for 200 nautical miles, would receive a support of $2,000. It is also stated that the Romanian government is working on granting some exemptions in order to reduce the costs of the line.
DP World, the operator of the South Constanța-Agigea Port Ro-Ro terminal, announced in its announcement that the terminal preparations for the resumption of Ro-Ro flights on the Karasu-Constanța line have been completed and operations have started on July 3, 2024. The launch of the first Ro-Pax vessel with a capacity of 120 trucks on the Karasu-Constance line in July enables reciprocal flights to be carried out three times a week. These developments are considered as important steps for the re-operation of the line and its continuity.
Turkey's Role in Logistics and Transportation Sector
Turkey plays a critical role in the global logistics network due to its geographical location at the intersection of Europe, Asia, Africa and the Middle East. Our country has the potential to become not only a transit point, but also a major logistics center with its advanced transportation infrastructure. Turkey's strategic location allows it to be within a 4-hour flight distance to 67 countries with a trade volume of 8.6 trillion dollars and inhabited by 1.4 billion people worldwide.
Turkey's logistics and transportation sector has become a growing market every year. In 2021, 24 billion dollars of 61 billion dollars of service exports were realized by logistics and transportation services. In 2022, this figure increased to 35.3 billion dollars, and the total exports %It was 39.6. This situation shows how important the contribution of the logistics sector to Turkey's economic growth is. As of 2023, Turkey's service exports are targeted to reach 100 billion dollars and 35 billion dollars of this is expected to be realized by logistics and transportation services.
Turkey exports logistics services in the world ranking with 35 billion dollars of service exports %It has 2.5 shares and ranks 11th. Among the targets of 2024, it is expected that 110 billion dollars of service exports and 40 billion dollars of this will come from the logistics and transportation sector. While this figure is aimed to reach 200 billion dollars in 2028, logistics and transportation service exports are planned to increase to 78 billion dollars.
The development of the logistics and transportation sector is also directly related to the support provided by the state. Until the end of 2023, approximately 18.5 million TL was provided within the scope of General Supports for this sector and 1 billion TL was provided through the Turquality Support Program. Turkey is determined to increase its transportation and logistics infrastructure investments in order to strengthen its position in global trade.
Combining logistics services on transportation corridors, increasing the scales and creating transfer centers for intermodal transportation are among the goals of our country. Establishing logistics centers abroad and supporting distribution networks that will strengthen supply chains are also important strategies. These investments are carried out in line with global trends such as sustainability, environmental awareness, and connectivity to large markets.
By increasing the support provided in the logistics sector and overcoming the obstacles experienced for the transporters, export products will reach their markets faster, more economically and safely. In this context, the logistics and transportation sector is becoming an important part of Turkey's economic growth story.
Our Foreign Trade According to Transportation Methods (USD)
Mode of Carriage
Exports (in USD)
Import (in USD)
2021
2022
2023
2021
2022
2023
the Highway
68.749
78.879
83.235
48.896
59.446
66.942
the Sea Freight
133.714
150.255
143.358
157.390
193.799
195.172
the Railroad Station
1.648
2.460
1.960
2.891
2.968
1.996
the Airline
18.735
20.686
25.511
26.057
38.581
53.840
The other(Transportation by mail, line, etc.)
2.366
1.892
1.710
36.189
68.917
43.821
THE TOTAL TOTAL
225.214
254.172
255.777
271.425
363.711
361.774
Source of: Ministry of Commerce, 19/02/2024. The value is: Millions of US Dollars
When our export data in terms of monetary value (USD) is evaluated in terms of transportation modes, in 2023, during the first period of export transportations %It is seen that the seaway is located with 56. This ratio once again demonstrates the importance and effectiveness of the seaway in international trade. Sea transportation ensures the economical and safe transportation of large volumes of cargo.
In the second row %There is a road mode with 32.5. Road transport plays an important role, especially in short-haul and regional trade. Road transport stands out with its flexibility and the advantage of being able to offer door-to-door services. In the third place %Air transport is available with 9.9. Although air transport is fast and reliable, it can be higher in cost than other modes.
The last row %It takes railway transportation with 0.7. Railway transportation is especially preferred for the transportation of large and heavy loads. However, the fact that the railway infrastructure is limited and disadvantaged compared to other modes in terms of flexibility keeps the utilization rate low.
In terms of monetary value (USD), it is seen that the seaway takes place in the first place in 2023 in our imports. Our exports of 361 billion dollars ,9 ⁇ u was transported by sea. This situation shows how critically the seaway plays a role in the import processes as well. In the second row %Road mode with 18.5, while in third place %There are 14.8 airlines, and the last %The railroad is at 0.55. These data clearly reveal the dominance of the seaway and the shares of other modes of transportation in import transportation.
Our Foreign Trade According to Transportation Methods (Quantity-Ton)
Mode of Carriage
Export (Quantity-Kg)
Import (Quantity-Kg)
2021
2022
2023
2021
2022
2023
the Highway
31.810
32.164
31.405
12.161
14.409
15.821
the Sea Freight
144.882
140.831
128.231
184.041
187.196
206.814
the Railroad Station
1.381
1.651
1.382
1.455
1.260
811
the Airline
913
1.234
1.513
117
121
130
The other(Transportation by mail, line, etc.)
240
174
174
863
1.095
893
THE TOTAL TOTAL
179.228
176.056
162.707
198.639
204.083
224.471
Source of: Ministry of Commerce, 19/02/2024. The value is: A thousand tons
