According to the provisional foreign trade statistics, Turkey's foreign trade deficit in January this year increased by 38.4% to $14.24 billion compared to January 2022.
In January, Turkey's iron and steel exports ranked tenth among the country's products with the highest export value, totalling $661.40 million, a decrease of 45.0% year-on-year.
Turkey's imports of iron and steel in the same month decreased by 35.2% annually, reaching $1.74 billion.
In the given month, iron and steel ranked as the fifth most valuable product imported from the country.