Turkey's trade deficit widened in May from the previous year, as imports rose faster than exports, the Turkish Statistical Institute said on Thursday.
The trade deficit rose to $10.605 billion in May from $4.156 billion in the last year. In April, the trade deficit was $6.1 billion.
Exports increased 15.3 percent annually in May and imports grew 43.5 percent.
Excluding energy products and non-monetary gold, the foreign trade surplus was $3.750 million in May.
On a seasonally adjusted basis, exports declined 7.6 percent monthly in May, while imports rose 4.6 percent.
On a calendar adjusted basis, exports and imports grew 12.3 percent and 40.0 percent, respectively.
During January to May, the trade deficit increased 136.0 percent year-on-year to $43.206 billion.
