Turkey's foreign trade deficit slightly decreases during year
Azerbaijan, Baku, April 30 / Trend, A.Taghiyeva /
In March 2013, Turkey's foreign trade deficit decreased by 1.1 per cent compared to the same month in 2012, reaching $7.385 billion, a report of the Turkish Statistics Institute says on Tuesday.
Turkey's exports during the reporting period decreased by 0.3 per cent and amounted to $13.1 billion. The imports into Turkey decreased by 0.6 per cent and amounted to $20.5 billion.
Imports from the EU countries into Turkey in March 2013, amounted to 40.7 per cent of the total imports compared to 41.6 per cent in March 2012. The country's exports to the EU countries during the year decreased by 2.4 per cent and amounted to $5.3 billion.
The largest volume of Turkish exports during the year accounted for Germany. Turkey exported to Germany goods worth $1.1 billion or 9.5 per cent less than the same period of the previous year. Germany is followed by Iraq at $932 million and UK at $657 million.
The largest volume of imports into Turkey worth $2.045 billion accounts for China, and it is 18.4 per cent more than in the same month of 2012. China is followed by Germany at $2.035 billion and Russia at $1.9 billion.