Turkey's foreign trade deficit rises by nearly 2.4 percent over year
Azerbaijan, Baku, 28 Feb. / Trend A.Taghiyeva /
In January 2013, Turkey's foreign trade deficit increased by 2.4 per cent compared against the same month in 2012, reaching $7.291 billion, according to a report of the Statistics Institute of Turkey published on Thursday.
Turkey's exports for the reporting period increased by 11.2 per cent to $11.5 billion. The import to Turkey increased by 7.6 per cent reaching $18.8 billion.
Imports from the EU to Turkey in January 2013, amounted to 41.9 per cent of the total imports against 43.5 per cent in January 2012. The country's exports to the EU during the year increased by 7.2 per cent to $4.8 billion.
The largest volume of Turkish exports during the year fell to Germany, where exports of goods worth $1 billion were 2.4 per cent more than the previous year. Germany is followed by Iraq at $884 million and UK at $664 million.
The largest volume of imports from Turkey worth $2.1 billion accounts for Russia which is 1.7 per cent less than in January 2012. Russia is followed by China at $1.9 billion and Germany at $1.5 billion.