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Turkey's trade deficit fell 51.8 percent as of November

02-12-2019 | admin

Turkey's foreign trade deficit in the past 11 months of 2019 fell by 51.84 percent year-on-year to $25 billion and $162 million.

The trade deficit for the past 11 months of 2018 was $52 billion and $247 million.

Turkish Trade Minister Rohsar Bakjan made the announcement at a press conference on Monday about Turkey's foreign trade figures until Last November.

Turkish exports rose 11.44 percent to $16.24 million in November, the fourth-highest export this year, Bekjan said.

Exports for the 11th month of this year increased by 1.77 percent compared to the same period in 2018, to $165 billion and $67 million.

The export-to-import ratio for the 11 months of this year was 86.8 percent, and at the 12-month level it was 86.9 percent, compared with 75.6 percent last year.

The Turkish minister said that the Turkish economy grew in the third quarter by 0.9 percent, and that it "will continue to grow positively during the fourth quarter of 2019."