Turkey’s Trade Deficit Declined 18.2% YoY in July

Data from the Turkish Statistics Institute showed that the country’s foreign trade deficit decreased by 18.2% year on year in July to $ 2.697 billion, according to the general trade system.

The institute said that Turkey’s exports decreased by 5.8% and imports decreased by 7.9% compared to July 2019, reflecting the continuing impact of the Coronavirus outbreak on economic activity.