Turkey's foreign trade deficit increased by 263.6% in October

Exports were 15 billion 664 million dollars with a 0.1% decrease and imports were 17 billion 472 million dollars with an 8% increase compared with October 2018, the Turkish Statistical Authority (TurkStat) said.

In October 2019 foreign trade deficit was 1 billion 808 million dollars with a 263.6% increase compared with October 2018. In October 2019, exports coverage imports were 89.6% while it was 96.9% in October 2018.

Seasonally and calendar adjusted exports decreased by 0.5%

Seasonally and calendar adjusted exports decreased by 0.5% while imports increased by 3.6% compared with previous month. Calendar adjusted exports did not change and imports increased by 9.5% compared with October 2018.

The main partner for exports was Germany

In October 2019, the main partner country for exports was Germany with 1 billion 385 million dollars. The country was followed by the United Kingdom with 950 million dollars, Italy with 941 million dollars and Iraq with 874 million dollars.  The top country for Turkey's imports was Russia with 1 billion 787 million dollars. The country was followed by China with 1 billion 726 million dollars, Germany with 1 billion 516 million dollars and USA with 976 million dollars. (ILKHA)