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 108.8 percent to $9.67 billion compared to January 2017.
In January, Turkey's iron and steel exports ranked third among the country's products with the highest export value, totaling $859 million, increasing by 42.7 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, increased by 16.4 percent year on year, amounting to $464.6 million.