Turkey’s Trade Deficit Narrowed Slightly to $2.85B in June

Data from the Turkish Statistical Institute showed on Friday that the country’s foreign trade deficit shrank 0.2% year on year in June to $2.853 billion, according to the general trade system.

After the trade was severely affected in the same period a year ago by the COVID-19 pandemic, Turkey’s exports in June jumped 46.9 percent and imports rose 38.7 percent compared to June 2020, according to the institute.

In the first half as a whole, the trade deficit shrank 11.4 percent to $21.166 billion.