International trade

Türkiye's foreign trade came in at $5 billion in September, pointing to a 47.8 percent decline from a year ago, data from the Turkish Statistical Institute (TÜİK) have shown.

Exports fell 0.5 percent year-on-year to $22.49 billion, and the annual decline in imports was 14.6 percent to $27.5 billion.

Greece's trade deficit shrank by 21% in July as imports fell more than exports in the month, the Hellenic Statistical Authority said in a report on the country's merchandise trade.

The value of imports totaled 6.721 billion euros in July, down 17% from July 2022 (excluding oil products, imports fell 3.9%, while excluding oil products and ships, imports fell 4%).

Türkiye's product safety record in its exports abroad, particularly to Europe, has deteriorated.

Exports increased by 8.3 percent in July from a year ago after plunging nearly 11 percent in the previous month, the data from the Turkish Statistical Institute (TÜİK) have shown.

The country's export revenues amounted to $20 billion last month.

Türkiye's agriculture, food and drinks industry has generated a total of $12.23 billion in export revenues in the first six months of 2023.

The industry's imports, on the other hand, amounted to $12.46 billion, according to the Federation of Food and Drink Industry Associations (TGDF).

Export and imports rose 1 percent and nearly 18 percent, respectively, from a year ago.

The Trade Ministry will support local firms with an aim to increase the share of e-exports in the country's total exports from 1.5 percent to 10 percent.

Greece's current account deficit fell by 431.3 million euros year-on-year to stand at €1.6 billion, the Bank of Greece said on Friday.

In a monthly report the central bank said that the reduction in the goods deficit could be attributed to a larger drop in imports than exports in absolute terms.

In the period January - May, the export of goods from Bulgaria to third countries increased by 8.7% compared to the same period of 2022 and was worth 13.380 billion leva. Bulgaria's main trading partners are Turkey, the United Kingdom, China, the United States , Ukraine, Serbia and the Republic of North Macedonia, which form 55.2% of exports to third countries.

The Turkish automotive industry's exports grew by 9 percent year-on-year in June to more than $3 billion, according to the Automotive Industry Exporters' Association (OİB).

For a third time this year, monthly exports were above the $3 billion mark, said Baran Çelik, the board chair of OİB.

The Greek trade deficit shrank 11% in May during a month which showed a 15.4% drop in exports and a 13.6% decline in imports, the Hellenic Statistical Authority said on Friday.