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Turkey September Trade Gap Narrows Sharply

Turkey's merchandise trade deficit for September narrowed sharply from a year ago amid a surge in exports and a plunge in imports, figures from the Turkish Statistical Institute showed on Wednesday.

The visible trade deficit fell to $1.869 billion from $8.168 billion in the same month of 2017.

Exports surged 22.4 percent year-on-year, while imports dropped 18.3 percent.

On a month-on-month basis, exports grew a seasonally and calendar-adjusted 1.3 percent and imports decreased 3.9 percent.

After calendar adjustments, exports increased 16.3 percent year-on-year, while imports tumbled 22.8 percent.

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