---
title: "Turkey's Foreign Trade Deficit Narrows By 37.5 Percent In Jan."
date: "2015-02-27 11:50:01"
author: "DHA"
tags: "İstanbul"
canonical_url: "https://www.mynet.com/turkeys-foreign-trade-deficit-narrows-by-375-percent-in-jan-180101705073"
original_url: "https://www.mynet.com/turkeys-foreign-trade-deficit-narrows-by-375-percent-in-jan-180101705073"
---
# Turkey's Foreign Trade Deficit Narrows By 37.5 Percent In Jan.
\- Turkey's foreign trade deficit narrows by 37.5 percent in January, against the same month of last year, due to sharp fall at imports, according to the Foreign Trade Statistics data, released by Turkstat on Fnriday.
According to the data, produced with the cooperation of the Turkish Statistical Institute and the Ministry of Customs and Trade, both exports and imports fell in January on annual basis.
Exports fell by 0.6 percent to 12 billion 331 million dollars and imports fell by 13.7 percent to 16 billion 636 million dollars over the same period.
Monthly foreign trade deficit fell by 37.5 percent from 6 billion 886 million dollars to 4 billion 305 million dollars, over the same period.
Turkey's total foreign trade volume fell by 8.6 percent to 28 billion 967 million dollars in January, from 31 billion 686 million dollars in the same month of the previous year.
In January 2015, exports coverage imports was 74.1 percent, while it was 64.3 percent in January 2014.
Exports to the European Union (EU) fell by 3.4 percent from 5 billion 456 million dollars to 5 billion 271 million dollars and the share exports to the EU countries fell to 42.7 percent in January 2015, from 44 percent in January 2014.
The main partner country for exports was Germany with 1 billion 107 million dollars, followed by Switzerland with 1 billion 46 million dollars, the United Kingdom with 944 million dollars and Iraq 837 million dollars.
The top country for Turkey’s imports was China with 2 billion 118 million dollars, records for imports range from Russia 1 billion 906 million dollars, Germany with 1 billion 315 million dollars and Italy with 779 million dollars.
