Under an economic programme unveiled in 2021, Turkey aims to shift to a current account surplus through stronger exports and low interest rates, despite soaring inflation and a currency that has tumbled in recent years. Soaring global energy and commodity prices have complicated that goal. (Reporting by Can Sezer; Writing by Huseyin Hayatsever; Editing by Jonathan Spicer)
ANKARA, Jan 31 (Reuters) - Turkey's foreign trade
deficit surged 137% year-on-year to $109.54 billion in 2022
according to the general trade system, official data showed on
Tuesday, while the December deficit increased 42% from a year
earlier.
In 2022, exports rose 12.9% to $254.1 billion and imports
jumped 34% to $363.7 billion, the Turkish Statistical Institute
data showed.
In December, exports grew 3% and imports rose 12.2% from the
previous year, with the deficit amounting to $9.7 billion, it
said.
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