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Financial News: Turkey Trade Deficit Widens In April

Turkey Trade Deficit Widens In April

05/31/2018 - 07:58:00 (RTTNews)

(RTTNews) - Turkey's foreign trade deficit increased in April from a year ago, as imports grew faster than exports, data from the Turkish Statistical Institute showed Thursday.

The trade deficit widened to $6.69 billion in April from $4.93 billion in the corresponding month last year.

Exports climbed 7.8 percent year-over-year in April and imports registered a double-digit growth of 15.6 percent.

On a monthly basis, exports decreased by seasonally and calendar adjusted 4.4 percent, while imports rose by 1.0 percent.

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