Turquia Balança Comercial

Turkey’s trade deficit narrowed to USD 7.5 billion in March 2024 from USD 8.4 billion in the same month of the previous year, preliminary estimates from the Trade Ministry showed. Exports fell 4.1% year-on-year to USD 22.6 billion. Among main destinations, Germany was the largest export market, followed by Italy and the US. Meanwhile, imports dropped at a faster 5.7% to USD 31.0 billion, with China, Russia and Germany accounting for the highest shares in imports. Considering the first three months of the year, the trade deficit was lower by 41.2% to USD 20.7 billion compared to the corresponding period last year, with exports rising 3.6% and imports declining 12.6%.