Turkey's foreign trade deficit saw an annual fall of 59 percent in August, the country's statistical authority announced on Friday.

According to TurkStat, Turkey's imports decreased by 22.7 percent year-on-year to $14.8 billion in August, while exports fell 6.5 percent to $12.4 billion.

Last month, the country's foreign trade deficit amounted to $2.4 billion, down from $5.9 billion in the same month last year.

"In August 2018, exports coverage imports was 83.6 percent while it was 69.1 percent in August 2017," TurkStat said.