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Turkish trade balance hits $ 2.770 billion surplus

by Proact
Dec , 11
Turkish trade balance hits $ 2.770 billion surplus

Turkey’s trade balance rose 2.770 billion dollars last October, the central bank said on Tuesday.

 

According to the Central Bank’s Balance of Payments report, the 12-month trade deficit fell to $ 39.403 billion, indicating that the deficit in October 2017 was $ 3.837 billion.

 

He pointed out that the Turkish current account (excluding gold and energy) achieved a surplus of 6.167 billion dollars, while it achieved a deficit in the same period last year worth 466 million dollars.

 

The foreign trade account achieved a surplus of $ 799 million in October, while the deficit last year was $ 5.643 million, he said.

 

The balance of services increased by $ 447 million, compared to the same period last year, and reached $ 3 billion and $ 28 million.

 

Net income in the tourism sector increased by $ 501 million, bringing total net revenue to $ 2 billion and $ 648 million.

 

Net direct investment inflows increased by $ 99 million during the period, bringing the total inflows to 1 billion and 74 million $.

 

source

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