Turkey posts $2.5 billion foreign trade gap in August

By Tuba Sahin

ANKARA (AA) - Turkey's foreign trade balance ran a $2.5 billion deficit in August, the Turkish Statistical Institute announced Monday.

The August figure was up 1.2% from the same month last year, said TurkStat.

Last month, Turkish exports hit $12.5 billion, up 1.6% on a yearly basis, while imports rose 1.5% year-on-year to $15 billion in August.

The exports-to-imports coverage ratio stood at 83.4% during the month.