Turkey's Trade Deficit Widens In February

Turkey’s trade deficit increased in February on higher imports, the Turkish Statistical Institute reported Friday.

The trade shortfall widened to $5.76 billion in February from $3.73 billion in the previous year.

Exports logged an annual growth of 9 percent, while imports surged 19.7 percent in February.

At the same time, on a monthly basis, exports increased by seasonally and calendar adjusted 2.7 percent, while imports declined notably by 9.8 percent.

The material has been provided by InstaForex Company – www.instaforex.com

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