Turkish Trade Gap Narrows 49.1% YoY in November

Trade deficit in Turkey decreased by 49.1 percent to USD4.236 billion in November of 2015, compared to a USD8.317 billion shortfall a year earlier, as imports fell more than exports.

In November, outbond shipments dropped by 10.2 percent year-on-year to USD11.738 billion with sales to the EU countries declining by 1.5 percent to USD5.631 billion. The main partner country for exports was Germany (USD1.190 billion), followed by UK (USD867 million), Iraq (USD789 million) and Italy (USD616 million).

Imports fell by 25.3 percent to USD15.974 billion. The top country for imports was China (USD2.00 billion), Germany (USD1.727 billion), Russia (USD1.347 billion) and Italy (USD883 million).

In November 2015, exports coverage of imports was 73.5 percent, higher than 61.1 percent in November 2014.

In October 2015, the country registered a USD3.621 billion trade deficit, the lowest in five years.

Turkish Trade Gap Narrows 49.1% YoY in November

Turkstat l Rida Husna | rida@tradingeconomics.com
12/31/2015 9:07:39 AM