Turkey's foreign trade gap narrows 32% in August
As exports rise at faster pace than imports in August, country's foreign trade deficit hits $4.3B, according to TurkStat
By Tuba Sahin
ANKARA (AA) - Turkey's foreign trade gap in August shrank 32.4% year-on-year, the country's statistical authority announced on Thursday.
The figure reached $4.3 billion last month, down from a $6.3-billion deficit in August 2020, according to TurkStat.
Turkish exports jumped 52% on a yearly basis to hit $18.9 billion, as imports amounted to $23.2 billion, a rise of 23.6%.
The exports-to-imports coverage ratio advanced to 81.6% this August, up from 66.4% in the corresponding month of last year.
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