Turkey trade deficit down in December
Turkey's foreign trade deficit decreased by 11.6 per cent In December 2012, compared to the same month in 2011, reaching $7.2 billion, according to a report of the Statistics Institute of Turkey published on Thursday, Trend news agency reported.
Turkey's exports for the reporting period increased by 1.4 per cent to $12.6 billion. The import to Turkey decreased by 3.7 per cent reaching $19.8 billion.
Imports from the EU to Turkey in December, amounted to 39.2 per cent of the total imports against 41.7 per cent in December 2011.
The largest volume of Turkish exports during the year fell to Iraq where exports of goods worth $1 billion were 10.6 per cent more than in the previous year. Iraq is followed by Germany at $989 million and UAE at $694 million.
The largest volume of imports in December 2012 from Turkey worth $2.4 billion accounts for Russia which is 2.9 per cent less than in December 2011. Russia is followed by Germany at $2.1 billion and China at $1.7 billion.
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