Turkey’s Trade Deficit Rises to $4.3B in July

Turkey’s trade deficit increased by 52.4% to $4.3 billion in July.

The Turkish Ministry of Trade said that exports rose in July by 10.2% to record 16.41 billion dollars, after being hit in the spring of last year due to the impact of the Covid-19 pandemic on trade with Ankara’s largest partner.

Imports rose 17% year-on-year in July to $20.72 billion.

In June, Turkey’s trade deficit narrowed slightly to $2.85 billion