Exports up 3.6 percent in May as foreign trade deficit shrinks

According to joint data released by the Customs and Trade Ministry and the Turkish Statistics Institute (TurkStat) on Monday, Turkey's exports rose by 3.6 percent year-on-year in May with $13.7 billion and its foreign trade deficit has decreased by 28.7 percent compared to figures of last year.

As export increase continues, Turkey's import rate has decreased by 10.3 percent and saw $20.8 billion, the data revealed.

The month of April witnessed similarly positive gains regarding Turkish exports, which increased 7.9 percent year-on-year that month, totaling $13.4 billion. In April, Turkey's top export partners were Germany, Iraq, the United Kingdom and Italy.