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Foreign trade deficit to fall in Turkey

Business Materials 28 September 2012 17:08
Turkey’s foreign trade deficit has decreased by 30.5 percent in August of 2012 in comparison with the same period of 2011, amounting to 5.8 billion dollars, the report of Turkish Statistics Institute said on Friday.

Azerbaijan, Baku, Sept. 28 /Trend A. Tagiyeva /

Turkey's foreign trade deficit has decreased by 30.5 percent in August of 2012 in comparison with the same period of 2011, amounting to 5.8 billion dollars, the report of Turkish Statistics Institute said on Friday.

The export has risen by 14.5 percent in August of 2012 in comparison with the same period of 2011, amounting to 12.8 billion dollars. The import has fallen by 4.8 percent, amounting to 18.7 billion dollars.

The import to Turkey from EU countries amounted to 33.6 percent of the total import in August of 2012 against 43.8 percent in August of 2011.The export from Turkey to EU countries within this period decreased by 12.1 percent, amounting to 4.3 billion dollars.

The greatest amount of good has been imported to Turkey from Russia- to the cost of 2 billion dollars, which is 10.8 percent more that during the same period of 2011. Russia is followed by Germany with 1.7 billion dollars and China with 1.7 billion dollars.

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