By Gokhan Ergocun
ISTANBUL (AA) – Turkey's foreign trade deficit fell 72.5 percent to $2.5 billion in January compared to the same month in 2018, official figures showed on Thursday.
The country's exports rose 5.9 percent year-on-year in the month to reach $13.17 billion, according to the country's statistical authority TurkStat.
Meanwhile, Turkish imports posted a significant decrease, down 27.2 percent to reach $15.67 billion in January, on an annual basis.
The exports-to-imports coverage ratio was 84 percent last month, up from 60.1 percent in January 2018.
