Foreign trade deficit sees USD 2.85bn

The country’s foreign trade deficit stood at USD 2.85bn in June, according to the Turkish Statistical Institute (TurkStat).

In June 2021, foreign trade deficit decreased by 0.2% compared with same month last year, TurkStat said in a statement.

Exports surged 47% year-on-year to hit USD 19.77bn in June, while imports went up 38.7% to reach USD 22.6bn.

The exports-to-imports coverage ratio increased to 87.4% last month, versus 82.5% in June 2020.

Foreign trade deficit was USD 21.16bn in the first half of 2021, posting 11.4% decrease compared to January-June 2020.

Leave a Reply

Your email address will not be published.