Foreign trade deficit at USD 133m in 2021

Turkey’s foreign trade gap was down 7.5% to USD 133m in 2021 — compared to the previous year, according to official figures released on Monday.

The country’s exports rose to USD 225.3bn in 2021 with an increase of 32.8%, while its imports increased by 23.6% to USD 271.4bn, TurkStat said.

In December, the share of intermediate goods, capital goods and consumption goods in total imports was 79.3%,13.1%, 7.4%, respectively.

Excluding the energy and gold trade, Turkey’s exports and imports rose by 22.2% and 23.2% — USD 20.9bn and USD 21.6bn, respectively.

The foreign trade deficit — excluding energy products and non-monetary gold — was USD 671m in December, TurkStat said.

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