Turkey boosts exports by 13.1 percent in 2012

Turkey's exports increased by 13.1 percent year-on-year in 2012 to reach $152.5 billion while imports were down by 1.8 percent over a year earlier to $236.5 billion, the country's statistics authority said on January 31.

TurkStat said foreign trade deficit dropped by 20.7 percent in 2012 to $83.9 billion from $105.9 billion a year earlier as export to import ratio was up to 64.5 percent.

On a monthly basis, exports were up 1.4 percent to $12.6 billion in December 2012 and imports were down 3.7 percent to stand at $19.8 billion.

Export to import ratio for December 2012 was 63.8 percent.

Adapted from Worldbulletin