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1. [...] Experts say Turkey’s record foreign trade deficit is setting off alarm bells for the current account deficit, an indicator of economic crisis if its ratio over gross domestic product (GDP) is larger than sustainable levels. Turkey’s foreign trade deficit hit $52 billion in 2006, 19.8 percent higher than the previous year, according to recent data released by the Turkish Statistics Institute (TÜİK). Foreign trade is the main item in the balance of payments. [...]

   Turkey Financial News » Blog Archive » Record foreign trade deficit: A signal of malady?

2. [...] Nearly half of Turkey’s $52 billion foreign trade deficit — 44.6 percent — for 2006 stemmed from trade with Russia and China. Turkey’s foreign trade deficit with Russia increased by 35.5 percent and by 39.9 percent with China last year. In 2006, 75.2 percent of the total deficit  arose from trade with only six countries. The deficit with Russia was $14.3 billion and with China $8.9 billion. Germany came third with $4.9 billion, and the trade deficit with Iran was $4.6 billion. The deficit with South Korea increased to $3.3 billion. Turkey’s highest foreign trade surplus was with Iraq last year, although it shrunk by 4.3 percent, amounting to $2.2 billion in 2006. Other trade surpluses include: $755 million with Israel, $772 million with the Turkish Republic of Northern Cyprus, $559 million with Greece, $420 million with Syria and $360 million with Azerbaijan. [...]

   Turkey Financial News » Blog Archive » Half of deficit with Russia and China

3. [...] Nearly half of Turkey s $52 billion foreign trade deficit ” 44.6 percent ” for 2006 stemmed from trade with Russia and China. Turkey s foreign trade deficit with Russia increased by 35.5 percent and by 39.9 percent with China last year. In 2006, 75.2 percent of the total deficit arose from trade with only six countries. The deficit with Russia was $14.3 billion and with China $8.9 billion. Germany came third with $4.9 billion, and the trade deficit with Iran was $4.6 billion. The deficit with South Korea increased to $3.3 billion. Turkey s highest foreign trade surplus was with Iraq last year, although it shrunk by 4.3 percent, amounting to $2.2 billion in 2006. Other trade surpluses include: $755 million with Israel, $772 million with the Turkish Republic of Northern Cyprus, $559 million with Greece, $420 million with Syria and $360 million with Azerbaijan. [...]

   Russia » Blog Archive » Drunk Russian Girls

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