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Financial News: Turkish April Trade Deficit Widens

Turkish April Trade Deficit Widens

05/31/2022 - 06:09:00 (RTTNews)

(RTTNews) - Turkey's trade deficit in April widened from the previous year, as imports rose faster than exports, the Turkish Statistical Institute said on Tuesday.

The trade deficit rose to $6.113 billion in April from $3.080 billion in the last year. In March, the trade deficit was $8.2 billion.

Exports increased 24.6 percent annually in April and imports grew 35.0 percent.

Excluding energy products and non-monetary gold, the foreign trade surplus was $647 million in April.

On a seasonally adjusted basis, exports rose 8.4 percent monthly in April and imports remained unchanged.

On a calendar adjusted basis, exports and imports grew 27.8 percent and 37.6 percent, respectively.

During January to April, the trade deficit increased 130.0 percent year-on-year to $32.553 billion.

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