Turkey’s trade deficit for the first third of the year has risen to more than US$10bn.
While Turkey is continuing to enjoy booming exports, its trade deficit is also widening, according to figures released by the State Statistics Institute (DE).
According to the trade figures for April, Turkey exported goods and services worth US$4.930bn for the month, a 34.6% increase on exports for the same month in 2003.
However, imports blew out to US$7.949bn for the fourth month of 2004, a rise of 52.5% over the April 2003 figure.
The trade deficit for April was US$3.019bn, taking the deficit in trade for the first four months of the year to US$10.418bn, almost double that for the same period in 2003.