According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in April this year Turkey's foreign trade deficit decreased by 16.3 percent to $4.2 billion compared to April 2015. In the first four months of this year, Turkey's foreign trade deficit decreased by 19.7 percent year on year to $16.29 billion.
In April, Turkey's iron and steel exports ranked ninth among the country's products with the highest export value, totaling $421.58 million, decreasing by 33.4 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 12.4 percent year on year, amounting to $433.9 million.
In the January-April period of this year, Turkey's iron and steel export value decreased by 29.2 percent to $1.79 billion, while the value of its exports of articles of iron or steel declined by 12 percent to $1.64 billion, both year on year.