According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in September this year Turkey's foreign trade deficit increased by 6.6 percent to $2.56 billion compared to September 2018. In the first nine months of the current year, Turkey's foreign trade deficit fell by 55.7 percent year on year to $22.66 billion.
In September, Turkey's iron and steel exports ranked third among the country's products with the highest export value, totaling $806.1 million, decreasing by 22 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, decreased by 4.8 percent year on year, amounting to $566.1 million.
In the first nine months of the year, Turkey's iron and steel export value decreased by 4.4 percent to $7.72 billion, while the value of its exports of articles of iron or steel decreased by 0.1 percent to $4.74 billion, both year on year.