2020.03.3108:04:00UTC+00Turkey Trade Deficit Widens In February

Turkey's trade deficit increased in February, driven by higher imports and exports, data from the Turkish Statistical Institute showed on Tuesday.

The trade deficit widened to $2.981 billion in February from $1.733 billion in the last year. In January, trade deficit was $4.5 billion.

Exports rose 2.3 percent year-on-year in February and imports increased 9.8 percent.

On a seasonally and calendar adjusted exports and imports decreased by 3.6 percent and 7.2 percent, respectively, from the previous month.

On a calendar adjusted exports and imports increased by 1.4 percent and 9.2 percent, respectively, from a year ago.