Turkish trade deficit up 184% in June

Turkey’s Commerce Ministry announced that the country’s trade deficit widened 184.3% year-on-year in June to $8.16 billion, with continued rising costs of energy imports fueling the deficit.

The data showed that Turkish exports increased 18.5% to $23.40 billion in June, while imports jumped 39.6% to $31.56 billion.

The trade deficit in the first half of the year amounted to $51.37 billion, an increase of 142.5 percent year on year.

Turkey’s Commerce Minister Mehmet Mus announced that his country’s exports totaled $23.4 billion last June, the highest export for the same month in the country’s history.

In his speech at the event held on Saturday in the northeastern state of Erzurum, Mus said Turkey’s success in 2021 has continued into the first 6 months of this year.

He added: “Our exports last June were $23.4 billion, up 18.5 percent from the same month last year.”

He noted that this figure is a monthly record, and Turkey’s total exports in the first half of this year amounted to $126 billion.

As for the value of imports, Mosh said it was $31.6 billion last month, of which $8.1 billion was for energy.

Source: agencies

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