Turkey's foreign trade gap at $5B in November

TurkStat says country's exports at $16.1B, down 0.9%, while imports rose 15.9% to $21.1B year-on-year last month

By Tuba Sahin

ANKARA (AA) - Turkey's foreign trade deficit stood at $5 billion in November, said the country's statistical authority on Thursday.

The figure posted a 153.5% rise compared to the same month last year, according to TurkStat.

Turkish exports fell slightly 0.9% on an annual basis to hit $16.1 billion in the month, while imports jumped 15.9% to $21.1 billion during the same period.

The exports-to-imports coverage ratio slipped to 76.2% last month, down from 89.1% last November.


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