Turkish Trade Deficit Narrows in June

Trade gap in Turkey decreased 21.6 percent to USD 6.206 billion in June from USD 7.912 billion a year earlier as imports fell more than exports.

In June, exports were USD 11.996 billion, a 6.9 percent decrease compared to the same month a year earlier. Shipments to the EU-28 decreased by 6.6 percent to USD 5.535 billion. The proportion of the EU countries was 46.1 percent in June 2015, while it was 46 percent in June 2014. The main export partner was Germany with USD 1.138 billion, followed by the United Kingdom (USD 814 million), Iraq (USD 689 million) and Italy (USD 595 million)

Imports were USD 18.201 million, a 12.5 percent decrease compared with June 2014.  The top country for imports was China (USD 2.41 billion), followed by Germany (USD 1.891 billion), Russia (1.744 billion) and Italy (USD 1.1 billion). 

In June of 2015, exports coverage imports was 65.9 percent, compared to 61.9 percent in June 2014.

Turkish Trade Deficit Narrows in June

Turkstat l yekaterina@tradingeconomics.com
7/31/2015 8:16:18 AM