Turkey posts 5.55-bln-USD current account deficit in March-Xinhua

Turkey posts 5.55-bln-USD current account deficit in March

Source: Xinhua| 2022-05-16 21:13:00|Editor: huaxia

ANKARA, May 16 (Xinhua) -- Turkey's current account balance posted a deficit of 5.55 billion U.S. dollars in March, up from 2.29 billion dollars in the same month last year, according to central bank's data released on Monday.

However, if gold and energy are excluded, the current account, the most important item in the balance of payments of the central bank, recorded a surplus of 2.48 billion dollars in March, the data showed.

Meanwhile, the 12-month rolling deficit of Turkey rose to 24.2 billion dollars.

Turkey's exports amounted to 22.8 billion dollars, while imports stood at 29.1 billion dollars, producing a trade deficit of 6.34 billion dollars in March.

Official reserves recorded a net outflow of 4.5 million dollars, according to the central bank.