Foreign trade of Sudan

Current account surplus decreases in July

Greece's current account surplus decreased in July year-on-year due to a deterioration in the balance of goods, the balance of services and the primary income account, while the secondary income account improved slightly, the Bank of Greece reported on Friday.

In January-July 2024, the current account deficit increased by 1.3 billion euros year-on-year and stood at €8.6 billion.

Tourism targets for 2024 remain unchanged, says VP Yılmaz

The government is keeping its targets for the number of visitors and tourism revenues unchanged for 2024, Vice President Cevdet Yılmaz has said.

"We still expect 60 million tourists to visit Türkiye this year, while aiming for $60 billion in tourism revenues," Yılmaz said in a speech in the province of Bilecik.

Türkiye’s foreign trade deficit plunges 42 percent in July

Türkiye's foreign trade deficit declined by 41.8 percent year-on-year in July to $7.3 billion as exports rose and imports dwindled, data from the Turkish Statistical Institute (TÜİK) have shown.

Exports amounted to $22.5 billion last month, increasing 13.8 percent from July 2023, but imports plunged 7.8 percent annually to $29.8 billion, TÜİK said on Aug. 28.

Exports up 14 pct, trade deficit falls 42 percent in July

Türkiye's exports increased by 13.8 percent in July from a year ago to $22.5 billion, hitting a historically high level for the month, while the foreign trade deficit shrank 42.3 percent to $7.24 billion.

Imports amounted to $29.75 billion, falling 7.9 percent from July 2023, data from the Trade Ministry showed on Aug. 2.

Foreign trade deficit widens 21 percent in June

Türkiye's foreign trade balance posted a deficit of $6.44 billion in June, widening 21.4 percent from a year ago, the Trade Ministry has said.

Exports fell 10.6 percent year-on-year to $18.6 billion, while the annual decline in imports was 4.1 percent to $25 billion.

The export/import coverage ratio deteriorated from 79.7 percent in June 2023 to 74.3 percent last month.

Five cities account for more than half of Türkiye’s exports

Five cities accounted for 56.3 percent of Türkiye's overall exports in May, according to data from the Trade Ministry.

Exports by companies based in Istanbul, the country's financial and commercial center, increased by 14 percent year-on-year last month to $5.64 billion, which corresponded to 23.4 percent of Türkiye's export revenues.

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