Turkish Trade Deficit Narrows in May


Trade gap in Turkey decreased by 6.1 percent to USD 6.75 billion in May from USD 7.19 billion a year earlier, as both exports and imports declined.

In May, exports were USD 11.113 billion, a 18.8 percent contraction compared to the same month a year earlier. Shipments to the EU-28 decreased by 21.3 percent to USD 4.721 billion. The proportion of the EU countries was 42.5% in May 2015, while it was 43.8% in May 2014. The main export partner was Germany with USD 1.16 billion, followed by the United Kingdom (USD 689 million), Iraq (USD 658 million) and Italy (USD 507 million).

Imports were USD 17.866 million, a 14.4 percent decline when compared with May 2014. The top country for imports was China (USD 1.935 billion), followed by Germany (USD 1.846 billion), Russia (1.785 billion) and the US (USD 1.610 billion). 

Turkish Trade Deficit Narrows in May


Turkstat l joana.ferreira@tradingeconomics.com
6/30/2015 9:31:21 AM