Turkey Trade Deficit Over $53b

Turkey’s exports in the first three quarters of 2017 amounted to around $115 billion—a 10.5% rise compared with the same period in 2016, Turkish Statistical Institute (TurkStat) announced Tuesday, Anadolu Agency reported. The country’s foreign trade volume reached $284 billion between January and September this year, marking a 13.4% annual increase, according to provisional data produced by TurkStat and the Ministry of Customs and Trade. Turkish imports climbed 15.5% to around $169 billion, amounting to a foreign trade deficit of $53.8 billion over the same period. Official data showed the percentage of imports covered by exports was 68.1 in the nine-month period.