Turkey’s trade deficit widens 52 pct in November
ANKARA
Turkey’s trade deficit widened 52.4 percent year-on-year to $6.32 billion in November, meeting expectations, data from the Turkish Statistics Institute (TÜİK) showed on Dec. 29.
Exports rose 11.2 percent to $14.217 billion while imports increased 21.3 percent to $20.537 billion in November from the same period last year, the data showed.
According to the TÜİK data, Turkey’s foreign trade gap reached $67.5 billion in the first 11 months of the year with a 33.8 percent year-on-year increase.
As compared with the same month of the previous year, exports to the EU increased in November by 17 percent to $6.98 billion.
The proportion of the EU countries rose to 49.1 percent in November from 46.7 percent in the same month of 2016, according to the TÜİK data.
In November, the main partner country for exports was Germany with $1.37 billion. The country was followed by the United Kingdom with $908 million, Italy with $839 million and the United States with $733 million.
