Nov 30 2017

Turkish trade deficit widens 74 percent

Turkey’s trade deficit widened 74 percent to $7.3 billion in October, as growth in imports outpaced exported goods.

Imports increased 25 percent to $21.3 billion, driven by intermediate and consumer goods, while exports rose 9 percent to $13.9 billion, the government’s statistics agency in Ankara said on Thursday.

Turkey exported the most goods to Germany, followed by Britain, the United States and Italy. Goods from China, Germany, Russia and Italy represented the largest share of imports, the agency said.

The share of high-technology products in Turkey’s exports was 3.9 percent.
 

To read the statement in Turkish