Independent Balkan News Agency

Turkish Government troubled as trade deficit skyrockets

Turkish Government troubled as trade deficit skyrockets
Turkey's economic staff appear deeply concerned by the rapid raise of Turkey's trade deficit. In 2017, the trade deficit increased by 37.5%, compared to 2016, to reach USD 77 bn.

In 2017, exports totaled USD 157.1 bn, up 8.5% from 2016, however, imports increased even more by 17.9% to USD 234.1 bn.

Indicative of the situation that is particularly worrying is the December 2017 figures that show an increase in the trade deficit by 77%, compared to December 2016./IBNA

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