Plus   Neg

Turkey Trade Deficit Narrows In January

Turkey's trade deficit narrowed in January from last year, the Turkish Statistical Institute showed on Friday.

The trade deficit decreased to $3.034 billion in January from $4.513 billion in the same period last year. In December, trade deficit was $4.5 billion.

Exports grew 2.3 percent annually in January, while imports declined 5.9 percent.

Excluding energy and non-monetary gold, exports grew 1.2 percent and imports rose 5.2 percent.

On a seasonally and calendar adjusted basis, exports gained 1.6 percent monthly in January and imports declined 2.7 percent.

On an annual basis, calendar adjusted exports rose 9.3 percent in January and imports fell 0.4 percent.

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