ANKARA
Turkey's foreign trade deficit narrowed in 2014, the Turkish Statistical Institute said Friday.
Exports rose 3.9 percent in December 2014 from the same month in the previous year, while imports decreased 5.6 percent for the same period.
Total exports for 2014 increased to $157.7 billion from $151,7 billion in the previous year
Imports declined to 242.2 billion from 251.6 billion in 2013, a 3.7 percent decrease in 2014.
The foreign trade deficit narrowed 15.4 percent to 84.5 billion from $99.8 billion for the year. The deficit was largely in line with the forecasts of analysts polled by The Anadolu Agency on Jan. 26. The panel's prediction was a foreign trade deficit of about $84.1 billion.
Exports to the European Union increased 1.8 percent in December 2014 year-on-year. The main partner country for exports was Germany with $1.165 billion, followed by Iraq with $1.111 billion, the United Kingdom with $763 million and the U.S. with $722 million.
In December 2014, the top country for Turkey’s imports was China with $2.318 billion
