Turkey: Foreign trade deficit sinks over 70 pct in Jan.

Turkish exports rise 5.9 pct to $13.2B, while imports fall 27.2 pct to $15.7B last month

By Gokhan Ergocun

ISTANBUL (AA) - Turkey's foreign trade deficit fell 72.5 percent to $2.5 billion in January compared to the same month in 2018, official figures showed on Thursday.

The country's exports rose 5.9 percent year-on-year in the month to reach $13.17 billion, according to the country's statistical authority TurkStat.

Meanwhile, Turkish imports posted a significant decrease, down 27.2 percent to reach $15.67 billion in January, on an annual basis.

The exports-to-imports coverage ratio was 84 percent last month, up from 60.1 percent in January 2018.

Kaynak:

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