Turkey's foreign trade deficit, which is one of the major reasons of current account deficit, is dropping thanks to trade with Islamic countries.

According to foreign trade figures, Turkey had nearly 29 billion USD of foreign trade deficit in its commerce with EU countries, while it had nearly 6 billion USD of foreign trade surplus in its commerce with Islamic countries last year.

Turkey exported products worth of 37.3 billion USD to the countries of the Organization of the Islamic Cooperation (OIC), and imported products worth of 31.4 billion USD from these countries in 2011.

Turkey's foreign trade surplus was 5.9 billion USD with OIC member countries last year.

Turkey exported most products to Iraq (8.3 billion USD), United Arab Emirates (3.7 billion USD), Iran (3.5 billion USD), Saudi Arabia (2.7 billion USD), Egypt (2.7 billion USD), and Azerbaijan (2 billion USD) among Islamic countries in 2011.

Turkey earned the highest foreign trade surplus from Iraq with 8.2 billion USD last year.

AA