Türkiye saw a foreign trade deficit of $7.9 billion in November, up 6.3 percent year-on-year, the Turkish Statistical Institute (TÜİK) said on Dec. 31
The country's exports totaled $22.5 billion, up 1.3 percent, while imports amounted to $30.5 billion, up 2.6 percent year-on-year.
The export-import coverage ratio last month was at 73.8 percent, down from 74.8 percent in November last year.
Germany was the largest export destination, with shipments totaling $1.86 billion, followed by the United States at $1.38 billion and Italy at $1.22 billion. Exports to Iraq last month reached $1.16 billion.
On the import side, China was Türkiye’s leading supplier, with goods valued at $4.15 billion. Imports from Russia and Germany amounted to $3.13 billion and $2.49 billion, respectively.
The foreign trade deficit, excluding energy products and non-monetary gold, was $1.85 billion.
During the first 11 months of the year, exports were $247 billion, up 3.6 percent, and imports were $329.7 billion, up 5.7 percent.
The 11-month foreign trade gap remained at $82.7 billion, up 12.6 percent, said TÜİK.
