According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in January this year Turkey's foreign trade deficit decreased by 13.4 percent to $4.34 billion compared to January last year.
In January, Turkey's iron and steel exports ranked seventh among the country's products with the highest export value, totaling $419.56 million, decreasing by 28.9 percent year on year. Meanwhile, in the given month the value of exports of articles of iron or steel, which ranked eighth among the products with the highest export value, fell by 19.1 percent year on year, amounting to $362.22 million.