Türkiye posts deficit of nearly $74B in 7-month foreign trade turnover

In January-July of this year, Türkiye conducted trade deals with foreign countries worth $360,114 million, 2.7% more than a year ago, according to the provisional data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Trade, Report informs.

In the reporting period, exports were $143,287 million with a 0.7% decrease and imports were 216,827 million with a 5.0% increase compared with January-July 2022.

In July 2023, exports were $20,078 million with an 8.3% increase and imports were 32,295 million with a 10.5% increase compared with July 2022.

In July 2023, foreign trade deficit was 12,217 million with a 14.2% increase compared with July 2022. In January-July 2023 period, the foreign trade deficit was 73,539 million with an 18.1% increase compared with January-July 2022.