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Financial News: Turkey Trade Deficit Widens In October

Turkey Trade Deficit Widens In October

11/29/2019 - 06:32:00 (RTTNews)

(RTTNews) - Turkey's trade deficit widened significantly in October, as exports decreased and imports surged, data from the Turkish Statistical Institute showed on Friday.

The trade deficit rose to US$1.808 billion in October from US$497 million in the same month last year.

Exports fell 0.1 percent annually in October, while imports rose 8.0 percent.

On a seasonally and calendar adjusted basis, exports decreased 0.5 percent, while imports rose by 3.6 percent from the previous month.

On a calendar adjusted basis, exports remained unchanged and imports grew by 9.5 percent from a year ago.

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