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Financial News: Turkish Trade Deficit Widens In November

Turkish Trade Deficit Widens In November

12/30/2022 - 04:44:00 (RTTNews)

(RTTNews) - Turkey's trade deficit increased in November, as imports rose more than exports, the Turkish Statistical Institute said on Friday.

The trade deficit widened to $8.756 billion in November from $5.447 billion in the same month last year. In October, the trade deficit was $7.9 billion.

Exports rose 2.1 percent yearly in November and imports grew 14.0 percent.

Excluding energy products and non-monetary gold, the foreign trade surplus was $175 million in November.

On a seasonally adjusted basis, exports rose 0.4 percent monthly in November and imports declined 0.4 percent.

On a calendar adjusted basis, exports increased 2.2 percent and imports grew 14.4 percent from a year ago.

During the January to November period, exports and imports climbed 13.9 percent and 36.6 percent, respectively. The trade deficit advanced to 153.4 percent year-on-year to $99.805 billion.

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