Turkey's exports on the rise in April
Year-on-year trade deficit rises by 15.8 percent, exports by more than 7 percent in April: Customs-Trade Ministry estimates
- Economy
- Published Date: 12:00 | 02 May 2017
- Modified Date: 01:10 | 02 May 2017
Turkey's year-on-year trade deficit rose by 15.8 percent in April to over $4.9 billion, according to a preliminary estimate revealed by the Customs and Trade Ministry on Tuesday.
Exports for the month rose to $12.83 billion, which is a 7.83 percent increase from April 2016, according to the estimate. Imports also increased by 9.58 percent to $17.74 billion.
In April, the country's total foreign trade volume soared by 8.65 percent year-on-year to reach $30.58 billion, it said.
Turkey exported goods worth $1.13 billion to Germany, its largest market; exports to the U.A.E. amounted to $1.2 billion while exports to Iraq were $857 million.
China ($1.65 billion), Germany ($1.63 billion) and Russia ($1.46 billion) were the main sources of imports.
On Friday, Turkish Statistical Institute revealed that Turkey's foreign trade deficit narrowed by 10.3 percent year-on-year in March to reach $4.5 billion.
Meanwhile, Turkish exports advanced 4 percent year-on-year to reach almost $11.9 billion in April on the back of performances by the steel, automotive, mining and jewelry sectors, the country's main exporters' association said on Monday.