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Türkiye's foreign trade gap narrows in October

29 November 2023 18:40 (UTC+04:00)
Türkiye's foreign trade gap narrows in October

Türkiye's foreign trade gap shrank 17.5% year-on-year in October to $6.5 billion, the country's statistical authority said on Wednesday, Azernews reports, citing Anadolu Agency.

The country's exports last month totaled $22.8 billion and imports $29.39 billion, Turkish Statistical Institute (TurkStat) data showed.

The foreign trade deficit – excluding energy products and non-monetary gold – was at $1.5 billion in October.

While Germany was the main destination for Turkish exports, China was the main source of imports during the month.

Medium-high and high-tech's share of overall exports in October rose from 37.8% to 39.7% year-on-year.

During the first 10 months of the year, the trade balance was at minus $93.9 billion, up 3.2% on a yearly basis.

Türkiye's exports during the same period amounted to $209.9 billion and imports $303.8 billion.

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