Turkish Statistical Institute (TUIK) and the Turkish Ministry of Commerce in cooperation with the provisional foreign trade data for January was announced.
Accordingly, exports within the scope of the General Trade System (GTS) increased by 3.5 percent in January compared to the same month last year and reached 19 billion 991 million dollars, while imports decreased by 22 percent to 26 billion 218 million dollars.
The foreign trade deficit decreased by 56.4 percent in January compared to the same month of the previous year to 6 billion 227 million dollars.
The ratio of exports to imports increased from 57.5 percent in January 2023 to 76.2 percent last month.
Foreign trade volume decreased by 1.8 percent
Exports excluding energy products and non-monetary gold increased by 3 percent in January, from 18 billion 44 million dollars to 18 billion 592 million dollars. In January, imports excluding energy products and non-monetary gold decreased by 6.2 percent from 19 billion 886 million dollars to 18 billion 660 million dollars.
Foreign trade deficit excluding energy products and non-monetary gold was realized as 68 million dollars in January.
Foreign trade volume decreased by 1.8 percent to 37 billion 251 million dollars. In the said month, the ratio of exports to imports excluding energy and gold was 99.6 percent.
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