Economic Indicators
Turkish trade deficit surges to $10.38 billion in September
2022.10.04 04:44
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© Reuters. FILE PHOTO: People stroll at Mahmutpasa street, a middle-class shopping area, in Istanbul, Turkey May 6, 2022. REUTERS/Murad Sezer/File Photo
ISTANBUL (Reuters) – Turkey’s trade deficit leapt 298% year-on-year in September to $10.384 billion, the Trade Ministry said on Tuesday, as surging energy import costs continue to widen the shortfall.
Exports rose 9.2% to $22.62 billion in September, while imports jumped 41.5% to $33.00 billion, the data showed.
In a speech, Trade Minister Mehmet Mus said energy imports constituted around a third of total imports in the first nine months of the year.
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