The Turkish statistics agency reported exports for May that rose 9.4% on a seasonally-adjusted basis, led by shipments to the EU. Imports fell by the same amount, reflecting lower consumer durable imports – in turn driven by the weakening lira. Looking further afield, exports to the U.S. fell 11.5% in shipment terms according to Panjiva … Continue reading “Turkish Exports Grow, But Not to the U.S.”