Turkey's foreign trade deficit fell by nearly 12 per cent last year
Azerbaijan, Baku, Jan. 31 / Trend A.Taghiyeva /
In December 2012, Turkey's foreign trade deficit decreased by 11.6 per cent compared against the same month in 2011, reaching $7.2 billion, according to a report of the Statistics Institute of Turkey published on Thursday.
Turkey's exports for the reporting period increased by 1.4 per cent to $12.6 billion. The import to Turkey decreased by 3.7 per cent reaching $19.8 billion.
Imports from the EU to Turkey in December 2012, amounted to 39.2 per cent of the total imports against 41.7 per cent in December 2011. The country's exports to the EU during the year decreased by 4.8 per cent to $4.9 billion.
The largest volume of Turkish exports during the year fell to Iraq where exports of goods worth $1 billion were 10.6 per cent more than the previous year. Iraq is followed by Germany at $989 million and UAE at $694 million.
The largest volume of imports from Turkey worth $2.4 billion accounts for Russia which is 2.9 per cent less than in December 2011. Russia is followed by Germany at $2.1 billion and China at $1.7 billion.