GDANSK, March 31 (Reuters) - Turkey's foreign trade
deficit surged 51.4% year on year to $12.08 billion in February,
with imports climbing 10.1%, data from the Turkish Statistical
Institute showed on Friday.
Imports stood at $30.71 billion, while exports fell by 6.4%
to $18.64 billion, the data showed.
Under an economic programme unveiled in 2021, Turkey aims to
achieve a current account surplus through stronger exports and
low interest rates, despite soaring inflation and a currency
that has tumbled in recent years.
Its deficit in the first two months of the year climbed
44.1% year on year to $26.33 billion, the data showed.
(Reporting by Ezgi Erkoyun and Canan Sevgili; editing by Jason
Neely)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.