Türkiye's foreign trade gap hits $8.8B in November

Türkiye's foreign trade gap hits $8.8B in November

Exports, imports rise 1.9%, 14%, respectively, year-on-year last month

By Gokhan Ergocun

ISTANBUL (AA) – Türkiye's foreign trade deficit rose 61.6% to $8.8 billion year-on-year in November, official figures showed on Friday.

The country's exports and imports increased 1.9% and 14% to $21.85 billion and $30.65 billion, respectively, in November versus the same month last year.

The export-to-import coverage ratio came in at 71.3% in November, down from 79.8% in November 2021.

In the January-November period, exports totaled $231.25 billion, while imports amounted to $331.09 billion.

The foreign trade deficit was at $99.85 billion in the 11-month period, up 153.6% on an annually basis.

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