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Financial News: Turkey Trade Gap Widens In March

Turkey Trade Gap Widens In March

04/30/2018 - 03:41:00 (RTTNews)

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

The trade deficit widened to $5.86 billion in March from $4.55 billion in the previous year.

Exports logged an annual growth of 7.7 percent, while imports surged 12.7 percent in March.

On a monthly basis, exports increased by seasonally and calendar adjusted 4.0 percent, while imports dropped by 0.1 percent.

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