Foreign trade deficit soars by 75 percent in October

Turkey’s fore gn trade def c t ncreased by 75% n October compared w th the same month n 2016, accord ng to a statement by the M n stry of Customs and Trade on Nov. 2. The monthly def c t was $7.4 b ll on as mports ncreased by 9% year-on-year to $13.9 b ll on wh le exports soared by 25% to $21.3 b ll on. In the f rst n ne months, exports rose 10.3% to $129 b ll on whereas mports rose 16.5% to $190 b ll on compared to the same per od last year, the M n stry sa d.