Turkey’s Trade Gap Widens In November

Turkey’s trade deficit widened in November from the previous year on higher imports, figures from the Turkish Statistical Institute showed Friday.

The trade deficit increased to $6.32 billion in November from $4.15 billion in the same period of 2016. However, the deficit decreased from $7.3 billion registered in October.

Exports logged a double-digit annual growth of 11.2 percent following October’s 8.8 percent increase.

At the same time, imports showed a bigger growth of 21.3 percent but slower than the 24.7 percent increase seen in the previous month.

On a monthly basis, exports rose by seasonally and calendar adjusted 1.6 percent, while imports dropped 2.4 percent in November. Calendar adjusted exports gained 11.1 percent and imports by 21.4 percent.
Source: RTT News