Turkish trade Deficit hypertrophy to record of more From $109 billion in 2022, official The data showed on Tuesday, as the fallout from Russia invasion of Ukraine led up energy import costs.
the government He supported the economic programreveal in 2021, with the goal of an eventual transition from chronic disability to chronic disability current account surplus through more Strong exports and low interest rates.
that goal I was complicated by increasing in Oil and gas prices in the first half of last year And through consumption in Turkish lira.
overall external trade Deficit increased by 137% year-over-year to $109.54 billion in 2022, according to general trade systemThe data of the Turkish Statistical Institute (TurkStat) showed, up From $46.2 billion a year Ago.
Jump from a previous peak of $106 billion registered in 2011.
December’s gap increased by 42% from a year The data showed earlier that $ 9.7 billion.
Russia invasion last year It initially led to higher oil and gas prices, affecting Turkey, which imports almost all of it of their energy needs.
On the other hand, the lira fell by about 44%. against United State dollar in 2021 and about 30% in 2022, but remained stable in the last quarter.
Fire energy imports up by more From 90% to $96.55 billion in 2022, according to the data. energy imports were up 14% in Dec.
In 2022, exports rose 12.9% to $254.1 billion and imports jumped 34% to $363.7 billion.
