Turkey’s foreign trade volume diminished 34.31% year-on-year to $21.9 billion in April, according to a preliminary Trade Ministry data released Monday.
FIGURE DROPPED 41.38 PERCENT ON A YEARLY BASIS
The country’s exports volume was negatively impacted by coronavirus in the month, the ministry said in a statement.
The figure dropped 41.38% on a yearly basis to $9 billion in the month.
Imports also declined 28.31% to nearly $12.9 billion, amounting to a foreign trade deficit of $3.4 billion with a 45.11 rise.
The data also showed that the exports-to-imports coverage ratio in April was 69.4%, down from 84.9% in the same month last year.