Turkey’s trade deficit rises to $10.38 billion in September

Turkey’s Trade Ministry announced on Tuesday that the country’s trade deficit jumped 298 percent year-on-year in September to $10.384 billion, as rising energy import costs continue to cause the deficit to grow.

The data showed that exports grew by 9.2 percent to $22.62 billion in September, while imports jumped 41.5 percent to $33 billion.

In a speech he gave, Minister of Commerce Mohamed Moush said that energy imports accounted for about a third of the total imports in the first nine months of the year.