Turkey Trade Gap Narrows to Fresh 5-Year Low


The Turkish trade deficit decreased by 42.3 percent to USD 3.621 billion in October of 2015, compared to a USD 6.2 billion shortfall a year earlier. It is the smallest deficit since February 2010.

Exports increased 3.1 percent year-on-year to USD 13.290 billion, with sales to the European Union rising by 10.7 percent. Imports shrank 11.9 percent to USD 16.911 billion. The main partner country for exports was Germany (USD 1.320 billion), followed by UK (USD 986 million), Iraq (USD 870 million) and Italy (USD 707 million). The top country for imports was China ( USD 2.27 billion), Germany (USD 1.820 billion), Russia (USD 1.517 billion) and Italy (USD 0.925 billion).

In October 2015, exports coverage of imports was 78.6 percent, higher than 67.2 percent in October 2014.

Turkey Trade Gap Narrows to Fresh 5-Year Low


Turkstat l Yekaterina Guchshina | yekaterina@tradingeconomics.com
11/30/2015 11:56:26 AM