ISTANBUL (Turkey), November 28 (SeeNews) – Turkey's trade deficit narrowed by 18.2% year-on-year to $67.61 billion (54.31 billion euro) in the ten months through October, the country's statistical institute said Friday.
Exports rose 5.6% on the year to $131.39 billion and imports decreased by 3.9% to $199.0 billion in the January-October period, the institute said in a statement.
In October alone, Turkey’s trade deficit narrowed 15.8% year-on-year to $6.25 billion as exports increased 7.3% to $12.93 billion and imports decreased 1.5% to $19.19 billion.
Germany was Turkey's biggest export market in October, followed by the UK, Iraq and Italy. China was the biggest importer in Turkey, followed by Germany, Russia and Italy.
($ = 0.803 euro)