2nd wave of coronavirus cuts Turkey's exports in Nov.

2ND WAVE OF CORONAVIRUS CUTS TURKEYS EXPORTS IN NOV.

Turkey's exports were down slightly on an annual basis in November due to the second wave of the COVID-19 pandemic, the EU's economic contraction, and calendar effects, according to preliminary data Turkey's Trade Ministry released Wednesday.

Turkish exports hit $16.1 billion last month, a fall of 0.95% year-on-year, the data showed.

The country's imports surged 16.1% to $21.2 billion during the same period, bringing the foreign trade gap to $5.1 billion.

The exports/imports coverage ratio was at 76% in November, down from 89.1% in the same month last year.



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