Turkey’s foreign trade deficit falls 55.6% in April

Turkey’s foreign trade deficit falls 55.6% in April

Turkey’s foreign trade deficit in April fell 55.6% year-on-year, the country’s statistical authority announced on May 31.

Turkish Statistical Institute (TÜİK) said the foreign trade deficit in April totaled $2.98 billion, improving from a $6.71-billion deficit a year ago.

Last month, Turkey’s exports hit $14.48 billion — up 4.6% on a yearly basis — and imports dropped to $17.46 billion with an annual decline of 15.1%.

“In April 2019, exports coverage imports was 82.9% while it was 67.4% in April 2018,” TÜİK said.

Source: http://www.hurriyetdailynews.com/

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