Turkey’s trade deficit up 33%

In October alone imports climbed by 37.1% to 4.614 billion dollars, while exports went up by 19.2% to 3.353 billion dollars when compared to October 2001.
Increased exports, driven by the depreciation of the crisis-hit Turkish currency, helped the country cut its trade deficit by 65.1 percent to 9.32 billion dollars in 2001.
Backed by a 16-billion dollar loan from the International Monetary Fund, Turkey has been battling one of its worst recessions since February 2001.