The foreign trade deficit approached $100 billion, up 154 ​​percent in 11 months.

SHAFAQNA TURKEY – Breaking news! Trade Minister Mehmet Mus announced the implementation of foreign trade for November.

In November, exports increased by 1.9 percent to $21.9 billion, while imports increased by 14 percent to $30.7 billion in the same month of the previous year.

The foreign trade deficit increased in November by 61.6% to $8.8 billion.

In November, the ratio of exports to imports decreased by 8.5 points and amounted to 71.3 percent.

EXTERNAL DEFICIT INCREASED BY 154 PERCENT IN 11 MONTHS

In January-November, compared to the same period of the previous year, exports increased by 13.9 percent to $231.2 billion, while imports increased by 36.6 percent to $331.1 billion.

The foreign trade deficit for 11 months increased by 153.6 percent to $99.8 billion.

MOST EXPORTED COUNTRIES

Germany was the country with the highest exports in November. Exports to this country increased by 5.3 percent to $1.8 billion. Exports to the US increased 4.6 percent to $1.4 billion, while exports to Iraq increased 7.1 percent to $1.3 billion.

The share of 10 countries with the largest share of exports in total exports amounted to 48.3 percent.

MOST IMPORTED COUNTRIES

The country with the largest imports in November was Russia. Imports from this country in November increased by 57 percent, reaching $4.6 billion.

Imports from China, ranked second, reached $3.1 billion, up 2.4 percent, while imports from Switzerland, ranked third, increased 1,137 percent to $2.2 billion.