Turkey’s foreign trade deficit fell 21.6 percent in June from the same month in 2014, indicating improvement for three months in a row, the Turkish Statistical Institute reported on Friday.
In June, exports were down 6.9 percent to $11 billion, and imports dropped 12.5 percent to $18.2 billion year-on-year,“ the report said.
The foreign trade deficit narrowed to $6.2 billion, an improvement of 21.6 percent from $7.9 billion in June of last year.
Exports to the European Union (EU-28), the largest trading partner of Turkey, were down 6.6 percent.
The main partner for exports was Germany at $1.4 billion. Germany was followed by the U.K. at $800 million, Iraq at $690 million and Italy at $600 million.
The top providers of Turkey’s imports were China at $2 billion, Germany at $1.9 billion, Russia at $1.75 billion and Italy at $1 billion.