Turkey’s foreign trade deficit falls 77.1 pct in September, official data shows
ANKARA - Anadolu Agency
“In September 2018, exports coverage imports was 88.5 percent while it was 59.1 percent in September 2017,” the Turkish Statistics Institute (TÜİK) said.
Official data showed that with $1.42 billion, Germany was the top market for Turkish exports last month.
“The country was followed by the United Kingdom with $1.05 billion, Italy with $816 million and Iraq with $719 million,” TÜİK said.
The institute also said the top country for Turkey’s imports was Russia with $1.7 billion in September, followed by China with $1.5 billion, Germany with $1.4 billion and the United States with $1.1 billion.
In the nine-month period, exports totaled $123.04 billion with an annual hike of 7 percent and imports were $174.16 billion, up 3.1 percent over the same period.
The near and Middle Eastern region was the second largest export market for Turkish products with $21.5 billion, followed by African countries with nearly $10.3 billion.
The EU was followed by countries in Asia with an amount of $55.2 billion on the imports side.