Turkey’s exports dropped 5.7% year-on-year in August to reach $12.5 billion, the country’s statistical authority announced on Wednesday.
The country’s imports, on the other hand, rose 20.4% to stand at $18.7 billion in the month, versus the same month last year, the Turkish Statistical Institute (TurkStat) said.
EXPORTS COVERAGE IMPORTS STOOD AT 66.5 PERCENT
The foreign trade deficit was $6.3 billion in the month, up 168.2% compared to August 2019, it said.
In August, exports coverage imports were 66.5%, while it was 85% the same month last year.
Meanwhile, exports and imports dropped 12.9% and 1.2%, respectively, in the January-August period.
During the same period, exports were $102.3 billion with a 12.9% fall and imports $135.3 billion with a 1.2% decrease compared to the same period last year.