According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in February this year Turkey's foreign trade deficit decreased by 63.1 percent to $2.13 billion compared to February 2018. In the first two months of the year, Turkey's foreign trade deficit fell by 69 percent year on year to $4.6 billion.
In February, Turkey's iron and steel exports ranked third among the country's products with the highest export value, totaling $887.6 million, increasing by five 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 2.5 percent year on year, amounting to $509.6 million.
In the first two months of the year, Turkey's iron and steel export value increased by seven percent to $1.8 billion, while the value of its exports of articles of iron or steel rose by 2.9 percent to $988.6 million, both year on year.