Foreign trade deficit declined by 72.5% in January to $ 2.5 billion
ISTANBUL, 28 February (Reuters) - The foreign trade deficit decreased by 72.5 percent in January compared to the same month of the previous year and declined to 2.5 billion dollars.
According to the data released by TURKSTAT, exports rose by 5.9 percent to $ 13.2 billion in January, while imports fell by 27.2 percent to $ 15.7 billion.
The foreign trade deficit was $ 2.7 billion in December.
January's leading data released by the Ministry of Commerce at the beginning of the month pointed to a deficit of 2.5 billion dollars. The General Trade System, the new calculation method of the Ministry of Commerce, pointed to a trade deficit of $ 2.3 billion.
