Turkey Trade Deficit Narrows In May

India, June 30 -- Turkey's foreign trade deficit decreased in May from a year ago as imports fell faster than exports, the Turkish Statistical Institute reported Tuesday.

The trade deficit narrowed to $5.6 billion in May from $6.6 billion in the same month last year. The shortfall totaled $8.5 billion in April.

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Excluding energy products and non-monetary gold, the foreign trade shortfall was $525 million.

Exports registered an annual decline of 9.5 percent, while imports were 10.8 percent lower.

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