Business

Foreign trade deficit increased by 98.5% in April

Turkey’s exports increased by 24.6% in April compared to the same month of the previous year and reached $23 billion 368 million, while imports increased by 35% to $29 billion 480 million.

Temporary foreign trade data for April, which was created in cooperation with the Turkish Statistical Institute and the Ministry of Trade, was announced.

Accordingly, within the scope of the General Trade System (GTS), exports increased by 24.6% in April compared to the same month of the previous year and reached $23 billion 368 million, while imports increased by 35% to $29 billion 480 million.

Foreign trade deficit increased by 98.5% in April compared to the same month of the previous year and reached $6 billion 113 million.

While the ratio of exports to imports was 85.9% in April 2021, it decreased to 79.3% last month.

FOREIGN TRADE EXCLUDING ENERGY AND GOLD

Exports excluding energy products and non-monetary gold increased by 22.9% in April from $17 billion 794 million to $21 billion 869 million.

In April, imports, excluding energy products and non-monetary gold, increased by 16.4% and reached $21 billion 223 million from $18 billion 227 million.

Foreign trade surplus excluding energy products and non-monetary gold amounted to $647 million in April.

Foreign trade volume increased by 19.6% to $43 billion 92 million. In the said month, the ratio of exports to imports excluding energy and gold was recorded as 103%.

Source: NTV / Translated by Irem Yildiz

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