Turkey's foreign trade deficit shrinks 42.5% in June

ISTANBUL

Turkey's foreign trade deficit dropped sharply in June, the Turkish Statistical Institute (TurkStat) announced on Wednesday.

TurkStat said last month the figure fell 42.5% to $3.17 billion year-on-year, down from $5.5 billion in June 2018.

The country's exports ($11.08 billion) and imports ($14.26 billion) in June both dropped, by 14.3% and 22.7%, respectively, on a yearly basis.

The exports-to-imports coverage ratio rose to 84.9% last month, up from 66.8% the previous June.

Meanwhile, the country's exports in the first half of 2019 rose 1.2% to reach $83.7 billion and imports dropped 19.8% to $98.56 billion.

The first half's foreign trade gap narrowed 63.6% to $14.85 billion, down from a $40.8 billion deficit in the same period last year.

ISTANBUL

Turkey's foreign trade deficit dropped sharply in June, the Turkish Statistical Institute (TurkStat) announced on Wednesday.

TurkStat said last month the figure fell 42.5% to $3.17 billion year-on-year, down from $5.5 billion in June 2018.

The country's exports ($11.08 billion) and imports ($14.26 billion) in June both dropped, by 14.3% and 22.7%, respectively, on a yearly basis.

The exports-to-imports coverage ratio rose to 84.9% last month, up from 66.8% the previous June.

Meanwhile, the country's exports in the first half of 2019 rose 1.2% to reach $83.7 billion and imports dropped 19.8% to $98.56 billion.

The first half's foreign trade gap narrowed 63.6% to $14.85 billion, down from a $40.8 billion deficit in the same period last year.

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