March 1 (SeeNews) - Turkey's trade deficit decreased by 32.8% on the year to $3.3 billion (2.7 billion euro) in January, as exports rose, while imports fell, the country's statistical office said.
Exports (FOB) increased 2.3% on the year in the first month of 2021, reaching $15.45 billion, while imports (CIF) declined by 5.9% to $18.8 billion, TurkStat said in a statement on Friday.
The country's export-import coverage ratio rose to 83.2%, compared to 76.5% in January 2019.
Turkey's top export destination in January was Germany with $1.5 billion, followed by the U.S. with $933 million, Italy with $864 million, the UK with $813 million, and France with $738 million.
Most imports in Turkey originated in China - $2.2 billion. Russia ranked second with $1.8 billion, followed by Germany with $1.5 billion, Iraq with $809 million, and the U.S. with $729 million.
($ = 0.830997 euro)