Türkiye’s foreign trade gap halves in January-February – Pakistan Observer

Türkiye’s foreign trade deficit decreased by 51% to $12.95 billion during the January-February period, on a yearly basis, official figures showed on Friday.

The Turkish Statistical Institute (TurkStat) announced that the country’s exports totaled $41 billion, up by 8.5%, and imports dropped by 16% to $54 billion over the same period. The foreign trade deficit was $6.77 billion in February alone, narrowing by 44.2% year-on-year.

Türkiye’s exports went up by 13.6% to $21 billion, while imports fell by 9.2% to $27.85 billion in February versus the same month last year. The foreign trade deficit – excluding energy products and non-monetary gold – was $1.4 billion in February 2024.—AA