Turkey's foreign trade deficit ups by quarter in 2011
Azerbaijan, Baku, Jan. 31 / Trend A. Taghiyeva /
Turkey's foreign trade deficit in 2011 increased to $105.8 billion compared to $83.4 billion in 2010, the report of the Turkish Statistics Institute, published on its official website said today.
As of 2011, total imports to Turkey amounted to $240.8 billion compared to $185.5 billion in 2010, and export operations last year were carried out at $134.9 billion ($102.1 billion in 2010).
Turkish export increased by 5.6 percent in December 2011 compared to the same month of 2010. The figure hits $12.4 billion. Imports during the year increased by 0.2 percent and hit $20.5 billion.
Turkey's foreign trade deficit in December 2011 decreased by $628 million compared to the same month of 2010. The figure hit $8.107 billion.
Most exports in December 2011 fall to Germany - $ 1.1 billion, or 4.9 percent more compared to December 2010. Germany is followed by Iraq - $933 million, Great Britain - $726 million, the U.S - $573 million, Italy - $545 million.
The largest volume of imports to Turkey fall to Russia - $2.546 billion, or 1.5 percent more than in December 2010, Germany - $1.931 billion and China - $1.775 billion.
Turkey's exports to the EU countries in December 2011 decreased by 2.5 percent, compared to the same month of 2010. The figure hit $ 5.2 billion. Imports from EU countries to Turkey for the period declined by 3.5 percent. Imports from the EU hit 45.2 percent of Turkey's total imports in December 2010. The figure was 41.7 percent in November 2011.