Drop in Turkish trade deficit estimated for November

Turkey's year-on-year trade deficit fell 3.8 percent in November to $4.11 billion, the Customs and Trade Ministry said Friday.

Exports for the month rose to $12.85 billion, a 9.92 percent increase on November last year, according to a preliminary estimate from the ministry. Imports increased 6.25 percent to $16.96 billion.

The country exported goods worth $1.24 billion to Germany, its largest market. Turkish exports to the U.K. amounted to $877 million while exports to the U.A.E. were $832 million. China ($2 billion), Germany ($1.82 billion) and Russia ($1.29 billion) were the main sources of imports.