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 10.3 percent year on year to $4.31 billion.
In January, Turkey's iron and steel exports ranked fifth among the country's products with the highest export value, totaling $610.5 million, increasing by 47.2 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, increased by 11.3 percent year on year, amounting to $399.8 million.