High-tech’s share of overall exports from Türkiye rises
Türkiye’s foreign trade gap shrank 17.5% year-on-year in October to $6.5 billion, the country’s statistical authority said on Wednesday.
The country’s exports last month totaled $22.8 billion and imports $29.39 billion, Turkish Statistical Institute (TurkStat) data showed.
The foreign trade deficit excluding energy products and non-monetary gold was at $1.5 billion in October.
While Germany was the main destination for Turkish exports, China was the main source of imports during the month.
Medium-high and high-tech’s share of overall exports in October rose from 37.8% to 39.7% year-on-year.
During the first 10 months of the year, the trade balance was at minus $93.9 billion, up 3.2% on a yearly basis.
Türkiye’s exports during the same period amounted to $209.9 billion and imports $303.8 billion.
Source: aa