Skip to content
Subscriber Only

Turkish Exports Rise for Second Month in Row; Trade Gap Shrinks

  • Imports dropped to $17.8 billion, declining 5.2% year-on-year
  • Exports stood at $12.8 billion, up 2.3% from March 2015

Turkey’s trade gap narrowed in March from a year earlier as exports rose for the second straight month and the cost of energy imports declined.

The deficit narrowed to $4.95 billion from $6.19 billion in March 2015, compared with the median estimate of $5 billion in a Bloomberg survey. Imports dropped 5.2 percent to $17.8 billion, while exports rose 2.3 percent to $12.8 billion, Turkey’s state statistics institute in Ankara said on its website Friday.