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Financial News: Turkey Trade Deficit Widens In January

Turkey Trade Deficit Widens In January

02/28/2020 - 03:27:00 (RTTNews)

(RTTNews) - Turkey's trade deficit increased in January, driven by higher imports and exports, data from the Turkish Statistical Institute showed on Friday.

The trade deficit widened to $4.448 billion in January from $2.29 billion in the last year. In December, the trade deficit was $4.6 billion.

Calendar adjusted exports and imports rose by 6.4 percent and 18.9 percent, respectively, from a year ago.

On a seasonally and calendar adjusted basis, exports and imports increased by 4.7 percent and 4.5 percent, respectively, from the preceding month.

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