Turkey's foreign trade deficit down in June

Source: Xinhua| 2017-07-31 19:57:10|Editor: ying
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ISTANBUL, July 31 (Xinhua) -- Turkey's foreign trade deficit fell by 9.1 percent in June over the same period last year, the Turkish Statistics Institute reported on Monday.

The Turkish deficit in June stood at 6.01 billion U.S. dollars, down from 6.61 billion dollars a year earlier, according to the data released by the agency.

The data show that Turkey's exports in June grew by 2.3 percent to 13.17 billion dollars, while the imports dropped by 1.5 percent to 19.18 billion dollars.

The European Union became Turkey's largest exporter with a volume of 6.25 billion dollars, accounting for 47.5 percent of Ankara's total exports, with Germany taking the largest share at 1.3 billion dollars.

The United Arab Emirates and the United States were the second and third largest exporters of Turkish goods, accounting for 896 million dollars and 886 million dollars respectively.

Manufactured goods made up 94.6 percent of Turkey's exports in June, followed by agriculture and forestry-related items.

China was Turkey's largest importer (1.9 billion dollars), followed by Germany (1.6 billion dollars) and Russia (1.4 billion dollars).

Intermediary goods constituted the largest share of Turkish imports, making up 74 percent of the total.