Turkey’s Trade Deficit Widened 16% to $ 4.5 Billion in December

Data from the Turkish Statistics Institute showed that the country’s foreign trade deficit rose 16% year-on-year in December to $ 4.53 billion according to the general trade system, bringing the 2020 deficit as a whole to nearly $ 50 billion.

The institute said Turkey’s exports fell 6.3% last month, and imports rose 4.3% compared to December 2019.

In 2020 as a whole, the trade deficit increased by 69.1% to $ 49.915 billion.