Foreign Trade Deficit Increased in February

Exports increased by 9.6 percent in February, while imports increased by 9.8 percent.

Foreign trade deficit of Turkey increased in February. Exports increased by 9.6 percent in February and recorded as 16 billion 12 million dollars. Trade Minister Ruhsar Pekcan said, "This is the highest February export figure of all time". Imports, on the other hand, increased by 9.8 percent, amounting to 19 billion 372 million dollars. Imports increased by 9.8 percent in February compared to the same month of 2020 and amounted to 19 billion 372 million dollars. In February, the foreign trade deficit increased by 11 percent compared to the same period of the previous year and reached 3.36 billion dollars. In the first two months, the foreign trade deficit decreased by 15.3 percent. Minister Pekcan announced that the ratio of exports to imports has increased from 79.5 percent to 82.9 percent since the first two months of the year. Excluding gold trade, exports in February increased by 9.8 percent to 15 billion 857 million dollars, imports increased by 12.5 percent to 18 billion 349 million dollars, and foreign trade volume increased by 11.2 percent to 34 billion 206 million dollars. It was recorded. The ratio of exports to imports was 86.4 percent.   Most Exports Were Made to Germany In February, the countries to which Turkey export the most are Germany with 1 billion 498 million dollars, the United Kingdom with 968 million dollars and the USA with 917 million dollars, while the top three places in imports were taken by China with 2 billion 240 million dollars, Russia with 1 billion 721 million dollars and Germany with 1 billion 704 million dollars.