Turkey’s foreign trade deficit decreases by 20 percent
Azerbaijan, Baku, March 30 / Trend A. Taghiyeva /
Turkey's foreign trade deficit in February decreased by $1.524 billion compared to the same month in 2011, amounting to $5.936 billion, the Turkish Statistics Institute said today.
Turkey's exports in February 2012 amounted to $11.777 billion compared to $ 10.06 billion during the same period of 2011. The import to Turkey in February amounted to $17.713 billion compared to $ 17.520 billion in February 2011.
Most of exports fall to Germany - $1.76 billion, or 2 percent less than the figure for February 2011. The export volume of Turkish goods is represented by Iraq - $ 800 million, Great Britain - $795 million, the U.S - $533 million.
During this period, the largest import volume to Turkey fell to Russia - $1.841 billion, China - $1.734 billion, Germany - $1.461 billion.
Imports from EU countries to Turkey in February 2012 amounted to 41.9 percent of total exports compared to 48.9 percent in February 2011. Turkey's exports to the EU countries for the period rose by 0.3 percent, reaching $4.93 billion.
Turkey's exports to Africa in February increased by 97 percent to $1.195 billion. Imports from these countries declined by 14.5 percent amounting to $369 million.
Exports to Asian countries increased by 26.7 percent, amounting to $3.141 billion.