According to data released by Turkish Statistical Institute (TÜİK) on Friday, Turkey's foreign trade deficit decreased by 15.4 percent in 2014 compared to previous year.TÜİK released the foreign trade data of December 2014. Accordingly, exports increased by 1.2 percent to $13.3 billion and imports decreased 5.6 percent to $21.8 billion in December. The foreign trade deficit decreased by 14.6 percent compared December 2013, from $9.96 billion to $8.5 billion. Seasonally and calendar adjusted exports increased by 0.6% while imports decreased by 11.1% compared with previous month. Calendar adjusted exports decreased by 2%, imports decreased by 9.3% compared with December 2013.With December's data, the annual foreign trade deficit was announced as $84.5 billion, which had decreased from $99.8 billion of 2013. The total worth of exports increased by 3.9 percent to $157.7 billion, while imports decreased by 3.7 percent to $242.2 billion. The rate of exports coverage imports increased from 60.3 percent to 65.1 percent.In December 2014, exports to the EU-28 increased by 1.8 percent from $5.26 billion to $5.36 billion dollars with a 40.2 percent share in total exports. Germany was the main destination for Turkish exports with $1.16 billion, followed by Iraq with $1.11 billion, the U.K. with $763 million and the U.S. with $722 million. Manufacturing industries' products covered 91.7 percent of all exports in December, of which only 4 percent were high technology and 32.9 percent were medium-high technology products.China stood at the top of the list of imports with $2.31 billion, followed by Germany with $2.18, Russia with $2.13 billion and the U.S. with $1.16 billion. Manufacturing industries' products were 78.9 percent of total imports, of which 16.9 percent were high technology and 43.3 percent were medium-high technology products.