The foreign trade deficit exceeded 82 billion dollars in the first 8 months

In August 2023, compared to the same month of the previous year; exports increased 1.6 percent to $21.619 billion, imports decreased 6.3 percent to $30.494 billion.

Thus, the foreign trade deficit decreased by 21.2 percent in August compared to the same month of the previous year and decreased to 8 thousand 875 million dollars.

In the period January-August 2023, compared to the same period of the previous year; Exports decreased 0.4 percent to $164.907 million, imports increased 3.5 percent to $247.321 million.

In the first 8 months of the year, the foreign trade deficit increased by 12.1% compared to the same period of the previous year and was registered at 82 thousand 414 million dollars.

In August 2023, compared to the same month of the previous year; The ratio between exports and imports decreased by 5.5 points and reached 70.9 percent. Excluding energy data, the export-import ratio declined 3.1 percentage points to 79.7 percent. Excluding energy and gold data, the export-import ratio remained constant at 91.3 percent.

MOST COUNTRIES WITH FOREIGN TRADE

The countries to which we exported the most in August are respectively; Germany (1,000 million 783 million dollars), the United States (1,000 million 322 million dollars) and Iraq (1,000 million 91 million dollars).

The countries that we import the most in August are respectively; China (3 thousand 828 million dollars), the Russian Federation (3 thousand 420 million dollars) and Germany (2 thousand 556 million dollars).