The share of maritime transportation in foreign trade increased

In March, when the effects of the new type of coronavirus (Covid-19) negatively affected foreign trade, the share of exports by air and land decreased, while the share of exports by sea increased by 2.7 points in this period.

Market and demand contractions due to quarantine measures taken due to the Covid-19 epidemic, which negatively affected the whole world socially and economically, led to a decrease in Turkey’s exports.

Due to the disruptions experienced in various logistics channels, alternative transportation modes that would minimize human contact in foreign trade were sought in order to continue exports effectively and safely.

In this context, the Ministry of Commerce has implemented measures such as “Contactless Trade” and “On-Site Customs Clearance” in order to continue exports as smoothly as possible.

According to the information compiled by the AA correspondent from the Ministry’s temporary foreign trade data bulletins, exports in March, when the effects of Covid-19 began to be seen, amounted to 13.4 billion dollars, with a decrease of 17.81 percent compared to the same month of 2019.

When the distribution of exports according to transportation modes was examined, exports by sea in March ranked first with 8 billion 620 million dollars.

This mode of transportation was followed by road exports with 3 billion 702 million dollars and air exports with 929 million dollars.

It was noteworthy that despite the decrease in exports, the share of seaborne exports increased by 2.7 points to 64.2 percent in March 2020 compared to the same month of the previous year.

The share of exports by rail increased by 0.4 points to 0.9 percent in this period.

In the same period, the share of exports by land decreased by 1.7 points to 27.6 percent, and the share of exports by air decreased by 0.5 points to 6.9 percent.

The share of maritime transportation also increased in imports

Imports increased by 3.13 percent in March 2020 compared to the same month of the previous year, reaching 18 billion 821 million dollars.
As in exports, sea transportation ranked first in imports with a share of 11 billion 44 million dollars and 58.7 percent. It was observed that the share of seaborne imports increased by 6.3 percentage points on an annual basis in March.

Source: https://www.aa.com.tr/tr/ekonomi/dis-ticarette-deniz-yolunun-payi-yukseldi/1796758

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