ANKARA: Turkey’s foreign trade shortfall increased by 54% y/y to $5.75bn in February Exports were up 9% y/y to $13.2bn but imports rose at the faster pace of 20% y/y to $18.9bn.On the back of the February data, the foreign trade deficit widened 83% y/y to $14.8bn in January-February.Exports increased by 10% y/y to $25.6bn and imports were up 29% y/y to $40.5bn.The latest data from the Turkish Exporters’ Assembly (TIM) that Turkey’s exports increased by 15% y/y to reach $12.9bn in February. Turkish exports amounted to $25.1bn across January-February, a 16% increase from the same period of last year, according to the TIM.
that export orders for the next three months jumped by 11% m/m to 130.9 on the index in February from 118.1 in January. Turkey’s foreign trade shortfall widened by 109% y/y to stand at a record high of $9.07bn in January. Exports were up 11% y/y to $12.5bn but imports rose at the faster pace of 38% y/y to reach $21.5bn in the month.
Anxieties over are strengthening over growing imports and, as a result, current account deficits.
The foreign trade deficit. Exports were up 10% y/y to $157bn but imports rose at the faster pace of 18% y/y to reach $234bn.
