According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in January this year Turkey's foreign trade deficit increased by 94.3 percent to $4.45 billion compared to January 2019.
In January this year, Turkey's iron and steel exports ranked third among the country's products with the highest export value, totaling $788.87 million, decreasing by 14.4 percent year on year. Meanwhile, in the given month the value of exports of articles of iron or steel, which ranked eighth among the products with the highest export value, increased by 14.3 percent year on year to $564.34 million.