BY ALAATTIN AKTAS Turkey’s annual foreign trade deficit (FTD), which totaled USD 43.5bn in October 2021, rose to USD 58.1bn in February. The monthly FTD, which stood at USD 3.1bn in January 2021, jumped to USD 10.3bn in January 2022. The monthly FTD rose from USD 3.3bn to USD 8.1bn in February year on year....
Tag: imports
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Exports hit all-time high for January
Turkey’s exports hit an all-time high for January with a 17% annual jump to USD 17.6bn, Trade Minister Mehmet Mus announced on Wednesday, citing preliminary data. Imports spiked to USD 28bn last month due to the unexpectedly harsh winter conditions and rising energy prices, Mus said at a news conference in the capital Ankara. Energy...
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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...