Turkey’s foreign trade deficit narrows 58 pct in August
ANKARA – Anadolu Agency
“In the same month, exports coverage ratio to imports reached 83.3 percent,” Pekcan said. “It is also the highest level over the past nine
She added that Turkish exports amounted to $12.4 billion in August, with a yearly fall of 6.5 percent, while the country’s imports declined by 22.4 percent to $14.8 billion.
Pekcan said the nine-day holiday for Eid al-Adha last month played a role in the 6.5 percent decrease in exports due to the loss of four working days.
“By compensating for the calendar effect, we will see that exports will show a rapid increase again in September,” she added.
“In the near future, we will start to get the results of studies we performed,” the minister added.