Turkey’s trade deficit rises to $4.278 billion in July

Data from the Turkish Statistical Institute showed today (Tuesday) that the country’s foreign trade deficit rose 51.3 percent year on year in July to $4.278 billion, according to the General Trade System, according to Reuters news agency.

The institute said that after the damage to trade a year ago due to the Corona pandemic, Turkey’s exports rose 10.2 percent and imports increased 16.8 percent compared to July 2020.

In the first seven months of the year, the trade deficit narrowed 4.7 percent to $25.48 billion.


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