EU trade with US, Russia drops, Turkey shows biggest decline

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EU trade with US, Russia drops, Turkey shows biggest decline
Oluşturulma Tarihi: Mayıs 18, 2009 15:011dk okuma

BRUSSELS – The European Union announced Monday trade with its major partners has fallen during the crisis-hit first two months of the year compared to 2008, with the biggest drop seen in exports to Turkey.

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The EU announced that exports from the 27-member bloc to the United States dropped by 24 percent over the period, while imports sagged by 9 percent.�

Exports to Russia slumped by 37 percent while imports suffered even more with a 39-percent drop.

The biggest drop came in exports to Turkey, 41 percent, while imports fell 30 percent.

The initial estimate for the overall trade balance of the European Union in March was a deficit of 9.5 billion euro compared with a deficit of 19.6 billion euro the previous year. 

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