According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in June this year Turkey's foreign trade deficit decreased by 8.8 percent to $7.85 billion compared to $8.61 billion in June last year. In the iron and steel sector, Turkey's foreign trade deficit was $763.55 million in June this year, increasing by 2.9 percent from $742.14 million recorded in June 2013.
In June this year, Turkey's iron and steel exports ranked fourth among the country's products with the highest export value, totaling $766.24 million, down by 14.6 percent from May and down 4.5 percent year on year. Meanwhile, in given month the value of exports of articles of iron or steel, which ranked ninth among the products with the highest export value, decreased by 17.2 percent month on month and rose by 0.1 percent year on year, amounting to $515.39 million.
Meanwhile, in the first half of the current year, the value of the country's iron and steel exports totaled $4.99 billion, while the value of its exports of articles of iron or steel amounted to $3.24 billion, decreasing by 8.9 percent and up 7.3 percent respectively, both compared to the corresponding period of 2013.
Motor vehicles and parts was the domestic sector with the highest export value in the first half of this year with $9.42 billion, up 12.9 percent year on year.