Istanbul, Feb. 27, (dpa-AFX/GNA) - Turkey’s trade gap increased in January from the previous year as imports rose more rapidly than exports, the Turkish Statistical Institute said on Monday.
The trade deficit widened to $14.23 billion in January from $10.2 billion a year ago. In December, the trade deficit was $9.7 billion.
Exports rose 10.3% annually in January, and imports surged 20.7%.
Excluding energy products and non-monetary gold, the foreign trade surplus was $1.787 billion in January.
On a seasonally and calendar-adjusted basis, exports declined 4.2% monthly in January, while imports climbed 4.6%.
GNA