Turkey’s foreign trade deficit decreases
Azerbaijan, Baku, Jan. 6 /Trend A.Badalova, A. Tagiyeva/
Turkey's export rose by 18.5 percent to $11.114 billion in November 2011 compared to the same period of 2010, the Turkish Statistical Institute's report says.
Turkey's import increased by 8.8 percent to $18.647 billion in November of 2011. Thus the foreign trade deficit of Turkey decreased to $7.533 billion from $7.752 billion.
Most exports in November of the last year accounted for Germany - $1.1 billion, which is by 9.9 percent more than in November of 2010. For volume of Turkish goods export Germaby is followed by Iraq - $767 million, UK - $741 million, Italy - $602 million and Russia - $560 million.
In November of 2011 the highest volume of import to Turkey came from Russia - at $2.369 billion (growth at 24.5 percent), Germany - $1.696 billion and China - $1.611 billion.
Turkish export to the European Union countries increased by 12.1 percent to $4.946 billion in November of 2011 compared to the same month of 2010.
Import from EU countries decreased by 2.5 percent in November of 2011.
Import from EU accounted for 44.5 percent of Turkey's total import in November of 2011 compared to 47 percent in November of 2010.