2019.12.3107:58:00UTC+00Turkey Trade Deficit Widens In November

Turkey's trade deficit increased sharply in November, driven by higher imports, data from the Turkish Statistical Institute showed on Tuesday.

The trade deficit widened to $2.23 billion from $672 million a year ago.

The statistical office said exports coverage imports was 87.4 percent, while it was 95.8 percent in November 2018.

On a monthly basis, exports and imports grew 1 percent and 3.4 percent, respectively. Year-on-year, calendar adjusted exports logged a marginal growth of 1 percent, and imports surged 12.7 percent.

During January to November, the trade deficit declined sharply to $26.8 billion from $52.38 billion in the previous year.