UPDATES WITH MORE DETAILS
By Tuba Sahin
ANKARA (AA) - Turkish exports increased 4.8% on an annual basis in September, according to the nation's statistical authority on Friday.
The figure hit $16 billion, the Turkish Statistical Institute (TurkStat) said in a statement on Friday.
Turkey's imports amounted to $20.8 billion last month, a year-on-year rise of 23%.
As imports increased at a faster pace than exports, the country's foreign trade deficit was up at $4.8 billion during the same period.
According to preliminary data from the Trade Ministry on Oct. 2, Turkey saw an all-time high September export figure this year with $16.13 billion.
The exports-to-imports coverage ratio was 76.8% this September, down from 90.2% in the same month last year.
The country's main trading partner Germany received $1.5 billion worth of Turkish exports last month.
"The country was followed by the UK with $1.1 billion, the US with $947 million, and Italy with $799 million," TurkStat said.
The top country for Turkey's imports was China with $2.2 billion last month, followed by Germany and Russia with $2.1 billion and $1.6 billion, respectively.
- 9-month figure
In January-September, Turkey's foreign trade deficit widened 80% on an annual basis to $37.9 billion.
The country's exports amounted to $118.3 billion, down 10.9% while imports were $156.2 billion, rising 1.5% the first nine months of this year.