According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute, in January this year Turkey’s foreign trade deficit decreased by 56.4% to $6.23 billion compared to January 2023.

In January, Turkey’s iron and steel exports ranked ninth among the country’s products with the highest export value, totaling $625.6 million, increasing by 6.6% 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, went down by 7.1% year on year, amounting to $734.38 million.