ISTANBUL — Turkey's exports in April increased significantly while imports dipped, reducing the foreign trade deficit by 30.3 percent compared to a year earlier, Turkey's official statistics office revealed on Friday.According to a report released by the Turkish Statistical Institute (TurkStat), exports rose to $13.45 billion (TL28 billion) in April, a 7.9 percent increase compared to the same month last year, while imports decreased to $20.67 billion, a 9.5 percent fall.Foreign trade deficit, which was $10.35 billion in April of last year, fell to $7.2 billion in April 2014, resulting in a 30.3 percent overall decrease.Meanwhile Turkey's export performance to Europe tripled, resulting in 20.5 percent increase compared to the same month last year.This is a clear sign that the European economy is in recovery, which Turkey undoubtedly benefits from as it constitutes its biggest export market.Turkey exported $5.9 billion to the European market in April 2014.The Turkish monetary policy committee, in a report published on Thursday, estimates that the trend of exports rising and imports dipping is set to continue in the following months.