According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), in March this year Turkey’s foreign trade deficit increased by 75.1% to $8.17 billion compared to March 2021. In the January-March period this year, Turkey’s foreign trade deficit rose by 138.5% year on year to $26.40 billion. In March, Turkey’s iron and steel exports ranked third among the country’s products with the highest export value, totaling $1.69 billion, increasing by 47.5% year on year. In the given period, Turkey’s iron and steel export value was up by 49.9% to $4.13 billion, while the value of its exports of articles of iron or steel increased by 39.5% to $2.52 billion, both year on year.
