logo
  

Turkish Trade Deficit Widens In October

Turkey's trade deficit widened in October from the previous year, as imports rose faster than exports, the Turkish Statistical Institute said on Tuesday.

The trade deficit increased to $7.874 billion in October from $4.33 billion in the last year. In September, the trade deficit was $9.6 billion.

Exports rose 3.0 percent annually in October and imports gained 31.4 percent.

Excluding energy products and non-monetary gold, the foreign trade surplus was $1.129 billion in October.

On a seasonally adjusted basis, exports declined 2.9 percent monthly in October and imports fell 4.6 percent.

On a calendar adjusted basis, exports and imports climbed by 2.6 percent and 29.6 percent, respectively.

During the January to October period, the trade deficit advanced 168.3 percent year-on-year to $91.049 billion. Exports and imports rose by 15.4 percent and 39.4 percent, respectively.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Health insurer Humana Inc. reported Wednesday a net loss for the fourth quarter that slightly widened from last year, hurt primarily by charges associated with productivity initiatives, despite 6.6 percent revenue growth. Adjusted earnings for the quarter topped analysts' expectations, while quarterly revenues missed it by a whisker. South Plainfield, New Jersey-based Two Rivers Coffee is recalling its peanut butter single serve hot chocolate pods citing an undeclared peanut allergen, the U.S. Food Drug Administration said. The recall involves peanut butter single serve hot chocolate pods distributed as "Brooklyn Bean Peanut Butter Cup Hot Cocoa", "Pingo Peanut Butter Cookie Hot Chocolate" and ... Shares of Novartis AG were losing around 2 percent in the early morning trading in Switzerland after the drug major reported Wednesday sharply lower profit in its fourth quarter with weak sales as well as the absence of prior year's hefty Roche income. Adjusted earnings, however, topped market estimates, while top line missed their view. Further, the company announced higher dividend...
Follow RTT