Turkish exports up by 11.2 %

Turkish exports rose by 11.2 percent to 11.5 billion USD and imports by Turkey increased by 7.6 percent to 18.8 billion USD in January 2013 compared to the same month of 2012. On Thursday, Turkish statistics authority, TurkStat and Turkey's Ministry of Customs and Trade, made public the foreign trade figures for January 2013. Accordingly, the country's foreign trade deficit rose by 2.4 percent to 7.2 billion USD in January. In January 2013 exports coverage imports was 61.2 percent while it was 59.2 percent in January 2012. Calendar adjusted exports increased 7.9 percent and imports increased 7.6 percent in January 2013 compared with same month of 2012. Seasonally and calendar adjusted exports increased 2 percent and imports increased 9 percent compared with previous month.