logo
Plus   Neg
Share
Email

Turkish Trade Deficit Widens In December

Turkey's merchandise trade deficit for December widened significantly from a year ago, as the growth in imports outpaced that of exports, figures from the Turkish Statistical Institute showed on Friday.

Exports grew 6.4 percent year-on-year, driven by a 42.9 percent jump in fisheries shipments. Imports surged 14.9 percent, led by a 17.5 percent growth in demand for intermediate goods and an 11.5 percent increase in that for consumption goods.

The trade deficit widened to $4.3 billion from $2.7 billion in the same month last year. In November, the trade deficit was $1.8 billion.

In the whole year 2019, exports grew 2.1 percent, while imports decreased 9.1 percent. The trade deficit decreased 43.5 percent to $31.1 billion.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT