Swiss-Bound Gold Bars Plug Deficit in Turkey’s Foreign Trade
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Gold bars bound for Switzerland boosted Turkish exports in April, helping it reduce the gap in its foreign trade by over 30 percent.
Turkey’s trade deficit fell to $4.97 billion, compared with $7.29 billion a year earlier, state statistics office said in a statement posted on its website on Friday. The median estimate in a Bloomberg survey of 11 economists called for a $4.8 billion gap.