Turkiye Trade Deficit Narrows to $5.24 Billion in August as Export Coverage Reaches 81.7%
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16 Articles
Turkey's foreign trade figures for August have been released. The trade deficit widened as imports increased more than exports, and the export-to-import ratio declined. In August, Germany ranked first in exports, while China ranked first in imports.
The Turkish Statistical Institute (TÜİK) announced that, according to the general trade system, exports in August increased by 8.1 percent compared to the same month last year, reaching $23.467 billion, while imports increased by 10.5 percent to $28.706 billion. The foreign trade deficit increased by 22.3 percent in August, reaching $5.239 billion.
Turkiye Trade Deficit Narrows to $5.24 Billion in August as Export Coverage Reaches 81.7%
Export-to-import coverage ratio at 81.7% in August in Türkiye Türkiye’s foreign trade deficit stood at $5.24 billion in August, down from $7.3 billion in July, official figures showed on Wednesday. In additional, the deficit expanded 22.3% year-on-year in August, according to data released by the Turkish Statistical Institute (TurkStat). The country’s imports totaled $28.71 billion, …
The Turkish Statistical Institute (TÜİK) announced the foreign trade indices for August. According to the data, exports increased by 8.1% to $23.5 billion, while imports rose by 10.5% to $28.7 billion. The foreign trade deficit increased by 22.3% to $5.2 billion, with Turkey's largest export market being Germany and its largest import market being China. 🚆
Despite the increase in exports in August, the continued rise in imports caused the foreign trade deficit to explode by 22.3 percent, reaching $5.2 billion.
According to Turkish Statistical Institute (TÜİK) data, the foreign trade deficit in August increased by 22.3 percent compared to the same month of the previous year, rising from $4.283 billion to $5.239 billion. The article "Foreign trade deficit increased by 22.3 percent annually in August" was first published on Serbestiyet.
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