Trade deficit narrows 49.1 pct in November

Continuing decline in imports leads to narrowed deficit, TurkStat reports

Trade deficit narrows 49.1 pct in November

Turkey's foreign trade deficit narrowed by 49.1 percent year-on-year in November, due to a continuing decline in imports, the Turkish Statistical Institute reported on Thursday. 

The deficit narrowed to $4.2 billion in November from $8.3 billion for the same month in the previous year, the report said. 

Exports were $11.7 billion in November, a 10.2 percent decrease from November 2014, and imports were $15.9 billion, a 25.3 percent decline year-on-year, the report said.  

Turkey’s exports in the first 11 months of this year fell by 8.4 percent to $132 billion from $144.3 billion in the same period of last year, while imports saw a 14.1 percent decline in the same period to $189 billion from $220.4 billion 

Anadolu Agency

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