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 totalled $8.5 billion in April.
Excluding energy products and non-monetary gold, the foreign trade shortfall was $525 million.
Exports registered an annual decline of 9.5%, while imports were 10.8% lower.
During May, the main partner country for exports was Germany, followed by the US, UK, Italy and Spain. The country imported more from Russia and China.
