German, Turkish trade volume rises in 2015

The trade volume between Germany and Turkey rose to 36.8 billion euros ($40 billion) last year from 32.6 billion euros in 2014, Germany’s Federal Statistical Office (Destatis) announced.

In 2015, Turkey was the 14th-largest destination for German exports, and the 17th-largest importer of goods from Europe’s most powerful economy, according to Destatis.

That compares to number 16 for exports and number 18 for imports in 2014.

Meanwhile, German exports to Turkey hit 22.4 billion euros in 2015, while imports from Turkey were valued at 14.4 billion euros.

Destatis reported that the U.S. was Germany’s biggest trading partner, with 113.9 billion euros in exports and 59.3 billion euros in imports, with a total trade volume of 173.2 billion euros.

France took second place with a foreign trade volume of 170.1 billion euros, followed by the Netherlands with 167.6 billion euros.

China was Germany’s top import partner with 91.5 billion euros in imports in 2015, part of a total trade volume of 162.5 billion euros.

Germany’s total exports in 2015 were valued at 1.19 trillion euros, and imports came in at 948 billion euros.

Turkey’s Economy Ministry earlier announced that in 2015 Turkey’s exports reached $143.9 billion, an 8.6 percent decline from $157.6 billion in 2014, and that imports fell 14.5 percent in 2015 to $207.1 billion from $220.4 billion the previous year.