Turkish Trade Deficit Widens In December

Turkey's merchandise trade deficit for December widened significantly from a year ago, as the growth in imports outpaced that of exports, figures from the Turkish Statistical Institute showed on Friday.

Exports grew 6.4 percent year-on-year, driven by a 42.9 percent jump in fisheries shipments. Imports surged 14.9 percent, led by a 17.5 percent growth in demand for intermediate goods and an 11.5 percent increase in that for consumption goods.

The trade deficit widened to $4.3 billion from $2.7 billion in the same month last year. In November, the trade deficit was $1.8 billion.

In the whole year 2019, exports grew 2.1 percent, while imports decreased 9.1 percent. The trade deficit decreased 43.5 percent to $31.1 billion.



by WooHoo Ireland


Woooo Fx Education

Camden Street Lower, St Kevin's, Dublin 2, Ireland D 02 XE 80 | +353-214-651-000 |info@woohooai.com

currency hedger logo_small.png
woohoo fx eu_gdpr_compliant_logo.png

Trading in leveraged currency contracts comes with substantial risk. You must be aware of these risks before opening an account to trade. High leverage amplifies gains as well as losses, leading to potential loss of the entire account balance. Trading in leveraged currency contracts may not be suitable for every investor. Never speculate using money that you cannot afford to lose.

© 2019 by WoOHOo Fx. Proudly created with WoOHoO AI Ireland

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram