F.P. Report
ISTANBUL: Turkey’s foreign trade deficit surged 421.7% year-on-year to $7.87 billion in October, with imports climbing 31.4%, data from the Turkish Statistical Institute showed on Tuesday.
Imports stood at $29.2 billion, while exports rose 3% to $21.33 billion, the data showed.
Under an economic programme unveiled last year, Turkey aims to shift to a current account surplus through stronger exports and low interest rates, despite soaring inflation and a tumbling currency.
Soaring global energy and commodity prices have made that target all but unattainable.
The deficit in the first ten months of the year climbed 168.3% to $91.05 billion, the data showed.
Martin Weinstein In the last few weeks alone, I have come across two striking instances…
(Web Desk) : Actress Alizeh Shah has revealed that the harsh experiences in the showbiz…
(Web Desk): All-rounder Shadab Khan has announced the birth of his first child, a baby…
HANOI (AFP): Tourists snatch arms and legs away from a passing train in Hanoi, shrinking…
NEW YORK (AFP): Third seed Alexander Zverev crashed out in the US Open third round…
MADRID: Weight loss drugs can reduce by half the risk of heart patients being hospitalised…
This website uses cookies.