Turkish Exports Decreased
The trade deficit of Turkey increased by 6.5% in July, surpassing $7 billion.
Turkish exports decreased by 10% at $84.6 billion, the first seven months of 2015, against $93.4 billion in the first seven months of the last year.
The economic value of exports was recorded at $11.2 billion, with an annual decrease of 16.2%. The imports also fell by 8.7% at 18.2 billion.
Turkish exports to the EU - The most important trade partner of Turkey - fell by 13.8% at $5.2 billion in July. The German market was the largest European importer of Turkish products for this month, importing Turkish goods of an economic value of $1.1 billion.
In the same month, Turkey imported goods of an economic value of $2.1 billion from China while Germany exported goods of an economic value of $2 billion in Turkey.
The Turkish exporters attribute the decline in exports to the decline in the exchange rate of the euro against the dollar and to the declining trend in the prices of the consumer products.
Euro Moves Higher
Euro moves upwards today against the dollar, receiving a boost from the better than expected data that were released for unemployment in the Eurozone.
In particular, at 09:56 GMT, the euro moved with gains of 0.44% at $1.1262, while earlier it was found for a few minutes at $1.1333 level.
Earlier it became known that the unemployment rate in the Eurozone was at the lowest levels since the beginning of 2012 in July. The unemployment rate fell at 10.9% from 11.1% in June.