Foreign trade deficit reaches $2.8B last month, official figures show
Turkey’s exports rose by 15.7% year-on-year in June to reach $13.5 billion, the country’s statistical authority announced on Wednesday.
The country’s imports also increased by 8.3% to stand at $16.3 billion in the month, versus the same month last year, the Turkish Statistical Institute (TurkStat) said.
The foreign trade deficit was $2.8 billion in June,down 17% compared to June 2019, it said.
In the month, exports coverage of imports was 82.6% while it was 77.2% in June 2019, the TurkStat added.
Turkey’s exports totaled $167.92 billion and imports were $171.53 billion in 2019.