Azernews.Az

By Gunay Hasanova

Foreign Direct Investments in Turkey’s economy exceeded $16 billion in 2015, said Arda Ermut, President of the Investment Support and Promotion Agency of Turkey (ISPAT), Anadolu Agency reported on October 31.

As for 2016, Ermut noted that the FDI in the Turkish economy amounted to $659 million in May, $857 million in June, $717 million in July, and $1.078 billion in August.

The head of the agency stressed that Turkey intends to increase the volume of attracted foreign investments.

Meanwhile, Turkey's exports in September fell by 5.6 percent from a year earlier, while imports slightly shrank by 0.7 percent.

This decrease left the country with a trade deficit of $4.4 billion for the month, up by 14.1 percent compared with September 2015, the Turkish Statistical Institute reported.

The institute valued the country's exports in July at almost $11 billion, which is a 5.6 percent decrease year-on-year. Imports also declined to $15.4 billion, a 0.7 percent decrease.

Turkey’s exports declined by 2.7 percent to $104.2 billion in the first nine months of this year, from $107.2 billion in the same period last year, it said.

The country’s exports to the EU, Turkey’s main trading partner, increased slightly by 0.4 percent in September to $5.4 billion.

Germany was the largest receiver of Turkish goods in September, which was worth $1.13 billion; U.K. followed with $784 million imports from Turkey.

Turkey imported over $2.2 billion worth of goods from China in September. Germany was the second-largest exporter to the country, with over $1.66 billion for the month and Russia came in third with over $1 billion.

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Gunay Hasanova is AzerNews’ staff journalist, follow her on Twitter: @gunhasanova

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