Turkish trade deficit widens in October
ANKARA – Anadolu AgencyTurkey’s foreign trade deficit rose sharply in October, according to an official preliminary data released on Nov. 2.
Last month, Turkey’s trade deficit increased by 13.8 percent, climbing to $4.15 billion from $3.6 billion, the same month last year, Turkey’s Trade Ministry said in a report.
The report revealed that exports witnessed a 2.77 percent decline to $12.9 billion in the month, while imports slightly increased by 0.8 percent to $17 billion.
The foreign trade deficit in the first 10 months of 2016 stagnated by 12.6 percent, totaling $46.17 billion.
Exports in the same period were $117.2 billion with a 2.75 percent decline, while imports narrowed by 5.75 percent to $163.3 billion.