In October, the trade deficit reached 7.4 billion dollars.

Trade Deficit Increased in October

In October, Turkey's trade deficit recorded a 7.4 billion dollars, showing a 24% increase compared to the same month of the previous year. This data once again highlights how volatile economic balances can be.

Export and Import Figures

The Minister of Trade of the Republic of Turkey, Ömer Bolat, announced the October trade data at a press conference held in Istanbul. According to the announced figures, the export amount increased by 2.3%, rising to 24 billion dollars.

On the other hand, during the same period, merchandise imports occurred at 31.4 billion dollars, with a 6.6% increase. This situation is interpreted as the reason for the trade imbalance being the increase in imports.

Impact on Markets

These figures could affect fluctuations in exchange rates and financial markets. Experts emphasize that this increase in the trade deficit may reflect on macroeconomic indicators in the upcoming periods.