Turkish exports stand at $10B in May

By Tuba Sahin

ANKARA (AA) - Turkey's exports were nearly $10 billion in May, falling 41% from same month last year amid coronavirus pandemic.

Turkish imports also slipped 28% to $13.4 billion during the same period, according to Turkish Statistical Institute on Tuesday.

As exports decreased sharper than imports, foreign trade deficit rose 102.7% year-on-year hitting $3.4 billion in May.

This May, the export-import coverage ratio was 74.5% versus 90.9% in May 2019.