ISTANBUL — Turkey's trade deficit narrowed in April after a trade deficit of $5.2 billion (TL 11 billion) was recorded in March of 2014. At the begining of 2014, there was a clear narrowing trend in Turkey's trade deficit.Data in March 2014 suggested that this trend is continuing. Turkey's current account deficit has led to warnings from international financial institutions but the trend over the past few months appears to have aleviated their concerns. According to the provisional data, produced by the Turkish Statistical Institute and the Ministry of Trade, in March 2014 exports increased by 12.4 percent, reaching $14.8 billion, and imports increased by 3 percent to $19.95 billion.In the same month, the foreign trade deficit decreased by 30.1 percent from $7,437 million to $5,195 million.The ratio between Turkey's exports and imports was 73.9 percent, while it was 63.8 percent compared to the same month of 2013.Seasonal and calendar adjusted exports increased by 3.6 percent, and imports decreased by 0.8 percent in March 2014. Calendar adjusted exports increased by 12.4 percent, and imports decreased by 3.2 percent compared with March 2013. As compared with the same month of the previous year, exports to the EU-28 increased by 13.5 percent from $5,361 million to $6.084 million.The proportion of EU countries reached 41.3 percent in March 2014, while it was 40.9 percent in March 2013. According to the data, in March 2014, the main partner country for exports was Switzerland at $1.364 million, with $1,275 million of gold exported to Switzerland for non-monetary purposes. Switzerland was followed by Germany at $1,334 million, Iraq at $1,001 million and the U.K. with $848 million. The top country for Turkey's imports was Russia with $2,181 million, and China with $2,043 million and Germany with $1,984 million followed Russia as top markets. The U.S. with $1,135 million ranked as the fourth top market.