9,659.48 TRY BIST 100 BIST 100
37.83 USD USD USD
5.24 CNY CNY CNY
40.78 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
46.25 TRY Interest Interest
74.48 USD Fossil Oil Fossil Oil
33.77 USD Silver Silver
5.04 USD Copper Copper
102.21 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,803.99 TRY Gold (gr) Gold (gr)

Foreign trade deficit narrowed by 48 percent in May

Foreign trade deficit decreased by 48 percent in May compared to the same month of the previous year; from 12.5 billion dollars to 6.5 billion dollars. In the January-May period, the deficit decreased by 34.3 percent to 36.8 billion dollars.

Foreign trade deficit narrowed by 48 percent in May

Turkish Statistical Institute (TÜİK) announced foreign trade data for May. Accordingly, exports increased by 11.3 percent in May 2024 compared to the same month of the previous year and amounted to 24 billion 66 million dollars, while imports decreased by 10.4 percent to 30 billion 568 million dollars. Accordingly, foreign trade deficit decreased by 48 percent in May compared to the same month of the previous year, from 12 billion 495 million dollars to 6 billion 502 million dollars.

According to the general trade system, exports increased by 4.5 percent in the January-May period of 2024 compared to the same period of the previous year and amounted to 106 billion 877 million dollars, while imports decreased by 9.2 percent to 143 billion 682 million dollars.

Exports excluding energy products and non-monetary gold increased by 9.2 percent in May 2024, from 20 billion 112 million dollars to 21 billion 969 million dollars.

In May, imports excluding energy products and non-monetary gold decreased by 8.0 percent from 26 billion 65 million dollars to 23 billion 971 million dollars.

Foreign trade deficit excluding energy products and non-monetary gold was realized as 2 billion 2 million dollars in May. Foreign trade volume decreased by 0.5 percent to 45 billion 940 million dollars. In the said month, the ratio of exports to imports excluding energy and gold was 91.7 percent.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Russian coal exports fell sharply in March

Wednesday, April 2, 2025

Egypt's iron ore imports increased by 1.9%

Wednesday, April 2, 2025

Taiwan's Dragon Steel starts blast furnace maintenance after 15 years

Wednesday, April 2, 2025

Hydnum Steel and thyssenkrupp Materials Processing move for clean steel in Europe

Wednesday, April 2, 2025

India launches AD investigation into meth coke imports from six countries

Wednesday, April 2, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now