Financial News: Turkish November Trade Gap Widens

Turkish November Trade Gap Widens

12/31/2021 - 04:53:00 (RTTNews)

(RTTNews) - Turkey's foreign trade deficit widened in November from a year ago, preliminary data from the statistical office Turkstat showed Friday.

The trade deficit grew to $5.40 billion from $5.05 billion in the same month last year. Exports rose 33.70 percent annually and imports increased 27.30 percent.

Excluding energy products and non-monetary gold, exports rose 27.00 percent and imports climbed 26.10 percent in November.

The foreign trade deficit, excluding energy products and non-monetary gold, was $315.00 million.

In the January to November period, the trade deficit narrowed to $39.35 billion from $45.32 billion last year. Exports grew 33.80 percent and imports increased 23.00 percent.

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