Published January 31,2024
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Türkiye‘s international commerce deficit went down 3.2% to $105.99 billion in 2023, lowering from $109.5 billion in 2022, official figures confirmed on Wednesday.
The Turkish Statistical Institute (TurkStat) revealed that the nation’s exports rose by 0.6% to $255.77 billion, whereas its imports dropped 0.5% to $361.77 billion final yr.
The most important vacation spot for Turkish exports was Germany with $21.09 billion, whereas Russia was the most important supply of imports with $45.6 billion.
The share of producing industries merchandise in total exports was 94.2% final yr.
The share of excessive tech in manufacturing industries merchandise was up by 23.1% to three.8% and that of medium excessive tech rose by 8.4% to 36.5% in 2023 versus 2022.
In December alone, exports elevated 0.4% to $23 billion, whereas imports fell by 11% $29 billion. The commerce deficit amounted to $6 billion, down by 37.8% on a yearly foundation.
Source: www.anews.com.tr