Turkey's Trade Deficit Reduced By 35%
Turkey's economy got a big sigh of relief as the country's trade deficit reduced by 35% during this month. Turkey's both imports and exports have seen a significant decline. According to the Turkey import export data reports, the country's trade deficit reduced by 5 billion dollars. During June 2023, Turkey's imports fell by 16% while it was 26 billion dollars last year during the same period. This was the lowest level of imports recorded by Turkey in the last two years. Also, due to the Eid weekend, Turkey's imports and exports have been affected. Although, Turkey's energy's imports remained high with over 45% increase annually. As per Turkey import data reports, around 4.4 billion dollars worth of energy imports were done by Turkey. Also, the gold imports by Turkey reched 2 billion dollars with over 63% hike during last month. LPG, Iron Ore, Steel, and Wheat are other major product imports made by Turkey in June. Turkey trade data reflects that ...