Türkiye's trade deficit climbs by 147 pct y-o-y in July

**This is a 60-seconds sample of the video. For the full version, please contact us.**

Türkiye's trade deficit climbs by 147 pct y-o-y in July

STORY: Türkiye's trade deficit climbs by 147 pct y-o-y in July DATELINE: Aug. 30, 2022 LENGTH: 00:01:14 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of shipping trade in Türkiye 2. various of people at cashpoint 3. various of people shopping STORYLINE: Türkiye's foreign trade deficit surged by 147 percent year-on-year to 10.69 billion U.S. dollars in July, driven by high energy prices and soaring imports, according to figures released by the country's statistical authorities on Monday. The country's imports rose by 41.4 percent to 29.24 billion dollars, while exports increased by 13.4 percent to 18.55 billion dollars, the Turkish Statistical Institute said. Last year, the Turkish government announced an economic model that pursues a current account surplus through higher exports and low interest rates, despite increasing inflation and a depreciation in the local currency. However, the country's foreign trade deficit is widening amid a rise in commodity prices globally, and increasing inflatio

  • Product Code
  • ILEA001010977
  • Registered date
  • 2022/8/30 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 75.14(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    China, Vietnam open new border gate pair

    STORY: China, Vietnam open new border gate pair SHOOTING TIME: June 25, 2024 DATELINE: June 26, 2024 LENGTH: 0:01:39 LOCATION: FANGCHENGGANG, China CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. various of the ceremony and vehicles passing 2. various of the customs STORYLINE: China and Vietnam officially opened a new cross-border gate pair, including the customs gate of Lihuo-Bac Phong Sinh, linking the Dongzhong in China and the Hoanh Mo in Vietnam. The construction and upgrade of the Dongzhong border, including Lihuo customs gate, started in July 2019 and were accepted and approved in September 2023, involving a total investment of 1.614 billion yuan (about 222 million U.S. dollars). The border gate pair is expected to help shorten transport time and reduce costs for businesses. It will also facilitate immigration and trade, and step up people-to-people exchanges. Xinhua News Agency correspondents reporting from Fangchenggang, China. (XHTV)

      Japan to respond appropriately, any time to excessive yen moves: currency official

      STORY: Japan to respond appropriately, any time to excessive yen moves: currency official SHOOTING TIME: June 20, 2024/Earlier footage DATELINE: June 25, 2024 LENGTH: 00:02:39 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of banks in Japan 3. various of Tokyo Stock Exchange 4. various of Nikkei stock index STORYLINE: Japan stands ready to take appropriate steps against volatile currency moves at "any time," the country's top currency diplomat said Monday, as the yen neared the 160 line against the U.S. dollar, a level that previously prompted authorities to intervene in the market. Masato Kanda, vice finance minister for international affairs, warned that excessive yen fluctuations negatively affect the economy. "We are ready to take appropriate action at any time," he told reporters. The yen's weakness persists after the Bank of Japan's decision this month to hold off reducing bond-buying stimulus until its July meeting. The yen weakened to 159.94 per U.S. doll

        U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation cools

        STORY: U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation cools SHOOTING TIME: June 12, 2024 DATELINE: June 13, 2024 LENGTH: 00:01:26 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference STORYLINE: The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as the latest consumer price data shows that inflation seems to be cooling. In a statement after the two-day policy meeting, the Federal Open Market Committee (FOMC), the Fed's policy-setting body, reiterated that the committee does not expect it will be appropriate to reduce the target range "until it has gained greater confidence that inflation is moving sustainably toward 2 percent." In addition, the committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, the FOMC said. The Fed's announcement came just a few hours after the U.S. Labor Department reported that the

          Türkiye fines Google nearly 15 mln USD over hotel searches

          STORY: Türkiye fines Google nearly 15 mln USD over hotel searches SHOOTING TIME: June 10, 2024 DATELINE: June 11, 2024 LENGTH: 00:01:03 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Google 2. various of people using Google 3. various of Google STORYLINE: Türkiye's Competition Board fined U.S. tech giant Google 482 million liras (around 14.88 million U.S. dollars) on Monday for failing to comply with an injunction related to hotel search queries. The regulatory body said in a statement that Google had not implemented "precautionary measures suggested for hotel searches," blocking competing local search engines on its platform and undermining fair competition. The fine comes after the competition board launched an investigation into Google in March and imposed a daily fine of 0.05 percent of its 2023 revenue starting from mid-April until it complied with the injunction. The move follows a similar decision by the watchdog in March, when it issued an interim injunction against social m

            Afghanistan expects to harvest 50 tonnes of saffron this year

            STORY: Afghanistan expects to harvest 50 tonnes of saffron this year SHOOTING TIME: June 10, 2024 DATELINE: June 10, 2024 LENGTH: 00:01:24 LOCATION: HERAT, Afghanistan CATEGORY: ECONOMY SHOTLIST: 1. various of people working in a saffron factory in Herat, Afghanistan 2. various of the street views in Herat STORYLINE: Saffron cultivation has seen a rise in Afghanistan, with the war-torn country anticipating a harvest of approximately 50 tonnes of the valuable plant this year, the country's Ministry of Agriculture, Irrigation and Livestock said. Saffron, locally known as red gold, has been cultivated in 26 out of the country's 34 provinces, with nearly 90 percent harvested in the western Herat province, local television channel TOLOnews reported on Saturday. Afghanistan's saffron stands out for its exceptional quality and flavor, consistently earning the top position in a global competition hosted by the International Taste Institute based in Belgium for the ninth consecutive year, Sadr Azam Osmani,

              Italy's growth forecast for 2024 revised up to 1 pct: ISTAT

              STORY: Italy's growth forecast for 2024 revised up to 1 pct: ISTAT SHOOTING TIME: June 7, 2024 DATELINE: June 8, 2024 LENGTH: 00:00:41 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of Italy STORYLINE: The Italian economy is expected to grow by 1 percent this year, the country's National Institute of Statistics (ISTAT) said on Thursday, revising up a previous 0.7 percent projection. The country's gross domestic product (GDP) growth rate "will be supported by the contribution of both domestic net demand of inventories and net foreign demand," ISTAT said in its report. Italy, the third largest economy in the European Union after Germany and France, will then expand by 1.1 percent in 2025. Overall, ISTAT said that private consumption in the country continues to be supported by the strengthening of the labor market and an increase in real wages. "These dynamics will lead to a growth of 0.4 percent in household consumption in 2024 and of 1 percent in 2025," it said. The labor market is also expected

                Australian minimum wage to rise by 3.75 pct

                STORY: Australian minimum wage to rise by 3.75 pct SHOOTING TIME: June 4, 2024 DATELINE: June 6, 2024 LENGTH: 00:01:31 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of Fair Work Commission (FWC) office 2. various of Australians in different professions 3. various of the Australian Bureau of Statistics (ABS) building STORYLINE: Australia's minimum wage will rise by 3.75 percent from the start of July, industrial relations tribunal the Fair Work Commission (FWC) ruled on Monday. From July 1, the minimum wage will increase from 23.23 Australian dollars (15.47 U.S. dollars) per hour to 24.10 Australian dollars (16.05 U.S. dollars) per hour, or 915.90 Australian dollars (609.99 U.S. dollars) per week based on a 38-hour week, FWC said. According to the commission, 20.7 percent of the Australian workforce, or approximately 2.6 million people, are paid minimum wage rates. After accounting for flow-on effects, the FWC estimates that the increase to the minimum wage will affect a quarter of a

                  Italy hosts record-breaking number of tourists in 2023

                  STORY: Italy hosts record-breaking number of tourists in 2023 SHOOTING TIME: June 4, 2024 DATELINE: June 5, 2024 LENGTH: 00:00:47 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of tourists in Rome STORYLINE: Italy set an all-time record for tourist arrivals last year, with numbers surpassing pre-pandemic levels for the first time, the government's statistics entity reported Tuesday. ISTAT, the Italian Statistics Institute, said the country hosted more than 134 million tourists in 2023, amounting to a total of more than 450 million overnight stays. This represents 3 million more arrivals and 14.5 million more overnight stays than in 2019, the last year before the COVID-19 pandemic, accounting for increases of 2.3 percent and 3.3 percent, respectively. Compared to 2022, the tourism figures rose by 13.4 percent and 9.5 percent, respectively. According to the data, the most popular Italian region for tourism last year was Veneto, famous for the canal city of Venice. Veneto attracted 21.1 mil

                    Türkiye's annual inflation exceeds 75 pct in May

                    STORY: Türkiye's annual inflation exceeds 75 pct in May SHOOTING TIME: June 2-3, 2024/Archives DATELINE: June 4, 2024 LENGTH: 00:01:10 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people shopping in Istanbul, Türkiye (Shooting date: May 17, 2024) (courtesy of ihlas news agency) 2. various of people at a discount cafe in Samsun, Türkiye (Shooting date: June 2, 2024) (courtesy of ihlas news agency) 3. various of people at a fish bazaar in Düzce, Türkiye (Shooting date: June 3, 2024) (courtesy of ihlas news agency) 4. various of people shopping in Safranbolu, Türkiye (Shooting date: June 2, 2024) (courtesy of ihlas news agency) STORYLINE: Türkiye's annual inflation rate rose to 75.45 percent in May, the highest since November 2022, reaching the peak expected by the government and economists, according to official data released on Monday. Consumer prices rose by 3.37 percent in May, compared to an increase of 3.18 percent in April, as per data from the Turkish Statistical Institute. The highe

                      Turkish consumers' patience wears thin as inflation peaks at 75 pct

                      STORY: Turkish consumers' patience wears thin as inflation rate peaks at 75 pct SHOOTING TIME: June 3, 2024 DATELINE: June 4, 2024 LENGTH: 00:03:37 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Ankara 2. SOUNDBITE 1 (Turkish): SUAT ENGIN, Pensioner 3. various of Ankara 4. SOUNDBITE 2 (Turkish): NILGUN OZMEN, Pensioner 5. various of Ankara 6. SOUNDBITE 3 (Turkish): SELMA SONGUN, Housewife STORYLINE: With Türkiye's annualized inflation rate exceeding 75 percent in May, Turkish consumers are in desperate need of the relief promised by the government's disinflation efforts. Türkiye's inflation rate rose in May to 75.45 percent, official data revealed on Monday. That's the highest point since November 2022, and a significant jump from April's rate of 69.8 percent. "The worst is over," Treasury and Finance Minister Mehmet Simsek said on X after Monday's data release. The minister sought to reassure the public that relief is in sight. "We saw the highest level of annual inflation, which refl