Foreign trade deficit widens 17%
Exports increased by 7.4 percent and imports by 9.9 percent in April, compared with the same month in the previous year. The foreign trade deficit also expanded by 16.7 percent from a year earlier. In the first four months of 2017, exports and imports rose by 8.7 percent and 8.3 percent, respectively. The data showed March was the only month that saw a decline in the deficit so far this year. Motor-vehicle exports rose 20.2 percent in April, thanks to favorable external demand, making it the top exporting sector. Gold also contributed significantly to export growth. Primary datas shows the deficit widened in May.