Current account balance was in deficit in April

The current account had a deficit of $2.74 billion in April. According to the Central Bank of the Republic of Turkey’s balance of payments report, the current account deficit increased by $1.2 billion compared to the same month of the previous year, reaching $2.74 billion. As a result, the twelve-month current account deficit rose to $25.71 billion. The foreign trade deficit increased by $2.70 billion to $4.44 billion, which was effective in the current account deficit. Excluding gold and energy, the current account had a surplus of $4.02 billion. Last year, this figure was $1.13 billion. While net inflows from direct investments amounted to $323 million, official reserves saw a net increase of $3.22 billion this month. The current account balance had a deficit of $20.8 billion in the first four months of the year.