Turkish trade deficit up 39.6%

In November alone, imports increased by 32% to $4.699 billion, and exports by 18.6% to 3.368 billion dollars, it added.
In 2001, increased exports, driven by the depreciation of the crisis-hit currency, helped Turkey cut its trade deficit by 65.1 percent to $9.32 billion. Backed by a 16-billion-dollar loan from the International Monetary Fund, Turkey has been battling one of its worst recessions since February 2001.