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Turkish foreign trade deficit reach $7.3 billion

Business Materials 28 February 2011 13:31 (UTC +04:00)

Turkey's exports rose 22.1 percent to $9.56 billion year-on-year, country's statistical authority, Turkstat, said on Monday.

According to Turkstat's foreign trade figures for January, Turkey's imports also increased 44.3 percent to $6.87 billion, Anadolu News Agency reported.

Foreign trade deficit reached $7.31 billion with an increase of 89.4 percent.

In January 2010, foreign trade deficit was $3.86 billion.

Meanwhile, ratio of exports to imports dropped to 56.7 percent in January 2011 from 67 percent in January 2010.

In the same period last year, Turkey's exports were $7.83 billion and its imports were $11.69 billion.

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