Accordingly, in August 2023 compared to the same month of the previous year; exports increased by 1.6 percent to 21 billion 619 million dollars and imports decreased by 6.3 percent to 30 billion 494 million dollars.
Thus, foreign trade deficit decreased by 21.2 percent to 8 billion 875 million dollars in August compared to the same month of the previous year.
In January-August period, exports decreased by 0.4 percent to 164 billion 907 million dollars, while imports increased by 3.5 percent to 247 billion 321 million dollars.
In the first 8 months of the year, foreign trade deficit increased by 12.1 percent compared to the same period of the previous year and was recorded as 82 billion 414 million dollars.
GERMANY RANKS FIRST
The countries with the highest exports in August were; Germany (1 billion 783 million dollars), USA (1 billion 322 million dollars) and Iraq (1 billion 91 million dollars).
The countries with the highest imports in August were; China (3 billion 828 million dollars), Russia
Federation (3 billion 420 million dollars) and Germany (2 billion 556 million dollars).