Turkey's exports grew 26.5% in April

Turkey's exports surged 26.5 percent year-on-year to 11.8 billion U.S. dollars in April, a quicker growth than the prior month, official figures showed Tuesday.

In April, imports rose 40.2 percent year-on-year to 20.9 billion U.S. dollars, bringing foreign trade deficit up 63.4 percent to 9.1 billion U.S. dollars, the Turkish Statistical Institute said in a press release.

Turkey's exports had recorded an annual growth of 22.8 percent in March, as the country's economy rebounded from misery with an 8. 9 percent expansion in 2010.

Within the 1st four months of 2011, exports rose 22.4 percent year-on-year to 43.3 billion U.S. dollars, although imports increased 44.1 percent and foreign trade deficit grew 86.7 percent, the institute stated.

The European Union accounted for 48.9 percent of Turkey's total exports in April, although most of Turkey's imports came from Germany, China and Russia.

Turkey's exports rose 11.3 percent in 2010 to 113.7 billion U.S. dollars, above government target of 111.7 billion U.S. dollars.

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