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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
TURKEY
MNI (London)
TURKEY MAY TRADE BALANCE -10.60B USD (FCST -10.70B); APR -6.13B r
- The Turkish trade deficit grew by 5.5b to 10.60b USD in May, over 1.5 times that of May 2021. Exports increased by 15.3% in May, whilst imports climbed by 43.5% compared to May 2021. Imports increased by 40.8% alone in the January-May 2022 period, as the Lira saw stark depreciation. The proportion of imports covered by exports was 64.2%, a substantial decrease from 79.8% in May last year.
- The main importer of Turkish goods was Russia, which accounted for 15.2% of imports totalling USD 4.5b in May. This is a reduction compared to April, when Russia received 18.5% of Turkish imports, totalling USD 5.5b.
Source: Turkstat
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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