Exports Fall By 9.4 Pct. İn 9 Months, Despite Loss İn Lira

Exports fell by 9.4 percent in the first nine months of the year, despite the significant loss in lira. The decline in imports saw 13.1 percent, as import prices rose with upsurge in currency rates.

According to data released by Turkstat, exports fell by 14.2 percent to 11.66 billion dollars in Sept. and by 9.4 percent to 107.29 billion dollars, in nine months.

Imports fall by 25.2 pct.

Meanwhile, imports declined by 25.2 percent to 15.4 billion dollars in Sept. and fell by 13.1 percent to 156.32 billion dollars, in nine months.

Thus, foreign trade deficit declined by 46.6 percent to 3.74 billion dollars in Sept, and by 20.2 percent to 49.02 billion dollars in the first nine months

Exports to the European Union decreases by 7.7 pct.

Exports to the EU fell by 7.7 percent to 5.51 billion dollars in Sept., against the same month in 2014.

The main partner country for exports was Germany with 1.14 billion dollars, which was followed by the United Kingdom with 959 million dollars, Iraq with 607 million dollars and Italy with 583 million dollars.

On the other hand, the top country for Turkey's imports was China with 1. 97 billion dollars, followed by Germany with 1.61 billion dollars, Russia with 1.42 billion dollars and the U.S. with 1.03 billion dollars. - Istanbul