Trade deficit widens in October
Turkey's foreign trade deficit was sharply up in October according to official preliminary data released yesterday. Turkey's trade deficit last month increased to $4.15 billion from $3.6 billion the same month last year, up 13.8 percent, Turkey's trade ministry said in a report.
The report revealed exports saw a 2.77 percent decline to $12.9 billion in the month while imports were slightly up 0.8 percent to $17 billion. The foreign trade deficit for the first 10 months of 2016 was down 12.6 percent, totaling $46.17 billion.
Exports in same period were at $117.2 billion with a 2.75 percent decline, while imports fell 5.75 percent to $163.3 billion.
The report revealed exports saw a 2.77 percent decline to $12.9 billion in the month while imports were slightly up 0.8 percent to $17 billion. The foreign trade deficit for the first 10 months of 2016 was down 12.6 percent, totaling $46.17 billion.
Exports in same period were at $117.2 billion with a 2.75 percent decline, while imports fell 5.75 percent to $163.3 billion.