According to the provisional foreign trade statistics and the Turkish Statistical Institute (TUIK), Turkey's foreign trade deficit in December last year increased by 42.0% to $9.70 billion compared to December 2021.
In December, Turkey's iron and steel exports ranked ninth among the country's products with the highest export value, with total exports reaching $800.09 million, down 54.3% year on year.
Meanwhile, the exports of iron and steel materials in the same month increased by 0.3% year-on-year, amounting to $895.48 million, ranking sixth among the products with the highest export value.
In 2022, Turkey's iron and steel exports decreased by 14.3% to reach $14.63 billion, while its exports of iron and steel materials increased by 19.7% to $10.54 billion, year on year.