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 38.4 percent to $14.24 billion compared to January 2022.
In January, Turkey’s iron and steel exports ranked tenth among the country’s products with the highest export value, totaling $661.40 million, decreasing by 45.0 percent year on year. Meanwhile, in the given month the value of exports of articles of iron or steel, which ranked seventh among the products with the highest export value, rose by 16.0 percent year on year, amounting to $794.36 million.