Turkey's foreign trade deficit increased unexpectedly in November, as exports fell sharply and imports rose, preliminary figures from the Turkish
Statistical Institute showed Wednesday.
The trade deficit increased to $8.32 billion in November from $7.21 billion in the same month previous year. Economists had forecast the deficit to reduce to $6.95 billion.
Exports plunged 7.5 percent annually during the month, while imports rose 0.2 percent.
Seasonally and calender adjusted exports fell by 3.3 percent, month-on-month, while imports surged by 10.0 percent.
In the January to November period, total merchandise trade deficit of the country shrunk to $75.96 billion from $89.89 in the same period last year.
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