Turkey’s international exchange shortage at USD109.5B last y…

(MENAFN) Turkey’s foreign exchange shortage stood at USD109.5 billion last year, increasing from USD46.2 billion in the prior year, as shown by numbers issued by the Turkish Statistical Institute (TurkStat) on Tuesday.

The nation’s shipment overall USD254.17 billion in the last year, rising 12.9 percent on a yearly basis, the numbers indicated.

Turkey’s imports also surged by 34 percent to USD363.7 billion more than the same time span, as said by TurkStat.

Germany was the major destination for Turkey’s shipment last year with USD21.14 billion, whereas Russia was the major import source with USD58.85 billion, it also mentioned.

The high-tech products’ stake in the nation total shipment stood at 4.3 percent last year, increasing by 22.8 percent from 3.6 percent two years ago.

Last month solely, the nation’s shipment in and out of the nation reached USD22.23 billion and USD29.06 billion, individually, rising by 3 percent and 12.2 percent yearly.


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