Türkiye's foreign trade deficit widened by 11.2% from a year ago in January, Trade Minister Ömer Bolat said on Monday, as exports declined while imports remained flat.
Exports decreased by 3.9% year-over-year to $20.3 billion, while imports were almost unchanged at $28.7 billion, Bolat told an event in Ankara. This resulted in a 1.7% contraction in total trade volume to $49 billion.
The foreign trade deficit reached $8.4 billion last month, the data showed.
The 12-month rolling exports rose 3.7% to $272.53 billion, while imports increased 5.5% to $365.38 billion, lifting total trade volume 4.7% to $637.91 billion.
The annualized trade deficit reached $92.9 billion, up sharply fro
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