PHOTO
Exploration ship Deepwater Champion passes through the Bosphorus to the Black Sea in Istanbul March 25, 2011. The ship will be used for oil exploration by Turkish Petroleum (TPAO) and ExxonMobil. REUTERS/Stringer Image used for illustrative purpose.
Turkey's trade deficit narrowed 48.1% year-on-year to $4.99 billion in September, a development that could lead to a current account surplus in the same period, Trade Minister Omer Bolat said on Wednesday.
Exports rose slightly to $22.67 billion in September, while imports declined by 14.1% to $27.66 billion, Bolat said, unveiling the numbers in a news conference.
Bolat also said that goods and services exports need to increase to ensure a sustainable improvement in the current account balance. (Reporting by Ezgi Erkoyun and Nevzat Devranoglu; Editing by Daren Butler)
