Turkey's foreign trade above expectations

Exports boost Turkey’s foreign trade data for April

Photo by: Reuters
Photo by: Reuters

Updated Jul 28, 2015

Turkey's foreign trade deficit decreased sharply in April, the Turkish Statistical Institute said in a report released on Friday.

In April, the deficit decreased to $4.96 billion, down 31.9 percent from $7.3 billion for the same month last year, the report said.

The decline followed an increase of 17.2 percent in March.

The institute valued April exports at $13.4 billion, a 0.2 percent increase year-on-year, while imports were down to $18.4 billion, with an 11.1 percent decline.

The country’s exports to the EU, Turkey’s main trading partner, declined by 10.4 percent in April to $5.3 billion.

Switzerland was the main export destination for Turkey in April when Turkey exported $1.25 billion worth of goods to the country. The top country for Turkish imports was China with $1.9 billion. 

TRTWorld and agencies