Turkey's export fall

Turkey's exports fell by 25.7 percent to $7.89 billion in January 2009 when compared to the same month of 2008. Turkish imports also showed a decline, dropping by 43.3 percent to $9.2 billion in the same term.

Turkey's economy began slowing sharply in the second half of 2008 in response to the global economic crisis, having grown around 7 percent annually since a 2001 domestic financial crisis. The country’s third quarter growth stood at 0.5 percent year-on-year, a six-year low.