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 42.5 percent to $3.17 billion compared to June 2018. In the first half of the current year, Turkey's foreign trade deficit fell by 63.6 percent year on year to $14.85 billion.
In June, Turkey's iron and steel exports ranked third among the country's products with the highest export value, totaling $660.88 million, decreasing by 23.7 percent year on year. Meanwhile, in the 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 22.1 percent year on year, amounting to $392.14 million.
In the first half of the year, Turkey's iron and steel export value increased by 1.6 percent to $5.33 billion, while the value of its exports of articles of iron or steel fell by 0.3 percent to $3.1 billion, both year on year.