Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2025

Daily Sabah - Latest & Breaking News from Turkey | Istanbul

  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV

Turkey’s foreign trade deficit is on the drop

by

Dec 01, 2012 - 12:00 am GMT+3
No Image
by Dec 01, 2012 12:00 am

Turkey’s foreign trade deficit dropped by 23 percent during the Jan-Oct. period, lowering to 69.5 billion dollars.

Over the past ten months, exports have increased by 13.4 percent reaching 126.3 billion dollars, while imports have dropped by 2.9 percent, regressing to 195.8 billion dollars.

In October alone, exports increased by 11.6 percent, reaching 13.29 billion dollars. Imports during the same time frame decreased by 5.6 percent, dropping down to 18.8 billion dollars.

The foreign trade deficit in October also dropped by a whopping 31.2 percent, reaching 5.5 billion dollars which was way below expectations.

While the share in exports has regressed to 40 percent, exports to the EU increased by one percent compared to the same month the year prior reaching 5.3 billion dollars.

The highest number of imports in October went to Germany. Exports to Germany did see a drop by 8.5 percent compared to last October however, dropping to 1.109 billion dollars.

Germany was followed by Iraq with 930 million dollars, England with 900 million dollars and the United Arab Emirates with 688 million dollars. At 1.5 billion dollars, precious stones and metals were the top exported items.

The deficit excluding energy was at the lowest level seen since October 2010. Economy Minister Zafer Çağlayan says the 13.2 billion dollars worth of exports this past October marks the highest monthly export rate ever seen. "A record was broken on a monthly basis," states Çağlayan.

  • shortlink copied
  • Last Update: Dec 01, 2012 5:05 pm
    KEYWORDS
    business
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    High from hemp: US wrestle with chemically made THC
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • DS TV
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021