Today.Az » World news » Türkiye's foreign trade gap narrows in October
29 November 2023 [18:40] - Today.Az
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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