Export-to-import coverage ratio at 81.7% in August in Türkiye
Türkiye’s foreign trade deficit stood at $5.24 billion in August, down from $7.3 billion in July, official figures showed on Wednesday.
In additional, the deficit expanded 22.3% year-on-year in August, according to data released by the Turkish Statistical Institute (TurkStat).
The country’s imports totaled $28.71 billion, while exports amounted to $23.47 billion.
The export-to-import coverage ratio was at 81.7% in August.
In the January-August period, the trade gap was at $65.79 billion.
During the eight-month period, exports totaled $185 billion,while imports amounted to $250.79 billion.
The export coverage ratio for the January-August period stood at 73.8%.
Source: aa