According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in November this year
Turkey's foreign trade deficit increased by 15.3 percent to $8.3 billion compared to $7.21 billion in November last year. In the iron and steel sector,
Turkey's foreign trade deficit was $821.8 million in November this year, increasing by 16.2 percent from $707.04 million recorded in November 2013.
In November this year,
Turkey's iron and steel exports ranked sixth among the country's products with the highest export value, totaling $609.8 million, down by 18.5 percent from October and down 21.8 percent year on year. Meanwhile, in given month the value of exports of articles of iron or steel, which ranked ninth among the products with the highest export value, increased by 4.3 percent month on month and was down 6.5 percent year on year, amounting to $523.6 million.
Meanwhile, in the first 11 months of the current year, the value of
Turkey's iron and steel exports totaled $8.46 billion, while the value of its exports of articles of iron or steel amounted to $5.78 billion, decreasing by 6.6 percent and up three percent respectively, both compared to the corresponding period of 2013.
Motor vehicles and parts was the domestic sector with the highest export value in the first 11 months of this year with $16.54 billion, up 6.6 percent year on year.