Türkiye’s trade deficit plunged 47.8% from last year to $5 billion in September, according to official data released on Tuesday. Turkish exports rose slightly by 0.5% year-on-year to $22.5 billion in September, while imports dipped 14.6% to $27.5 billion, the Turkish Statistical Institute (TurkStat) data showed.
Excluding energy products and non-monetary gold, Türkiye last month ran a foreign trade gap of $20.3 billion, from $20.8 billion in September 2022.
The exports-to-imports coverage ratio increased to 81.8% this September compared to 70.2% last year.
Türkiye’s outbound shipments to its main trading partner Germany amounted to $1.75 billion in September.—AA
