Turkey's foreign trade gap narrows over 63 pct in Feb.

Turkish exports rise 3.4 percent, imports fall nearly 17 percent on a yearly basis in February, official data show

By Tuba Sahin

ANKARA (AA) - Turkey's foreign trade deficit shrank 63.1 percent year-on-year to reach some $2.1 billion in February, according to the country's statistical institute on Friday.

Turkish exports rose 3.4 pct on a yearly basis to reach nearly $13.6 billion last month, TurkStat data showed.

The country's imports in February reached $15.7 billion, falling 16.9 percent compared to the same month last year.

The report showed that the exports-to-imports coverage ratio surged to 86.4 percent last month from 69.4 percent in February 2018.

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