Turkey: Foreign trade gap almost halved in July
Country's foreign trade deficit down to $3.2B in July, dropping from $6B in same month last year
By Tuba Sahin
ANKARA (AA) - Turkey's foreign trade gap in July dropped to almost half the figure from the same month last year, the country's statistical authority announced on Friday.
The country's foreign trade deficit totaled $3.2 billion last month, down from $6 billion in July 2018, TurkStat said.
Turkish exports rose 7.8% year-on-year to hit $15.2 billion, while imports totaled $18.4 billion, falling 8.5% during the same period.
"In July 2019, exports coverage imports was 82.6%, while it was 70% in July 2018," it added.
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