Foreign Turkey trade The deficit widened 135.5% year-over-year in February, official Data showed Thursday, driven by an increase in energy prices.
The Turkish Statistical Institute (Turkstat) said the gap jumped to $7.9 billion, mainly due to inflated energy imports which make up nearly one-the third of Total state purchases from abroad.
Energy import bill increased by 181.8% year-over-year to 7.76 billion dollars in Month data showed.
Exports rose 25.4% year-over-year to just over 20 billion dollars in February, while imports rose 44.5% to $27.9 billion.
export to import coverage The percentage increased to 82.7%. last month, versus 71.7% a year data showed.
Turkey imported 2.34 million tons of Crude oil last Month, up of 1.56 million tons in February of last year.
Crude oil imports increased by 49.6% compared to the same month of 2021 data showed.
Germany was to Turkey main trading a partner in per month, receiving $1.8 billion worth of Turkish exports.
The United States followed suit with $1.3 billion, UK with $1.1 billion and Italy with $1.09 billion, the Turkish Statistical Institute said.
On the other hand side of Ledger, first state for Turkey imports last The month was Russia with 3.9 billion dollars, followed by China with $3.2 billion, Germany with $1.9 billion and the United States with $1.1 billion.
In January and February, foreign Turkey trade disability shot up by 183.1% on on an annual basis to $18.2 billion.
And exports during two months amounted to 37.6 billion dollars. up increased by 21.4%, while total imports amounted to $55.7 billion, rising 49.2% year-over-year.
