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Turkish 2017 trade deficit widens 38% to $77.1b

Turkish 2017 trade deficit widens 38% to $77.1b

ISTANBUL: Turkey’s trade deficit widened 37.5 percent last year to $77.06 billion, data from the Customs and Trade Ministry showed on Tuesday.

In 2017, exports rose 10.2 percent to $157.09 billion and imports climbed 17.9 percent to $234.16 billion, the data showed.

In December the trade deficit was up 71.4 percent year-on-year to $9.57 billion, with exports rising 8.6 percent to $13.88 billion and imports up 27.7 percent to $23.45 billion.