Türkiye’s exports reached $23.6 billion (TL 810.11 billion) in October, marking a historic excessive for the month, Trade Minister Ömer Bolat introduced on the occasion on preliminary commerce information on Saturday.
Speaking at an occasion organized by the Turkish Exporters Assembly (TIM) in Türkiye’s Mediterranean resort metropolis of Antalya, Bolat highlighted that the nation’s exports grew by 3.6% in comparison with October final yr.
“Türkiye has broken export records in 10 of the last 15 months,” Bolat famous, underscoring the sustained development in commerce.
Meanwhile, the nation’s imports decreased barely by 0.1% to $29.36 billion in October, he reported.
As a consequence, Türkiye’s international commerce deficit fell by $1.1 billion, narrowing to $5.7 billion in comparison with the identical month within the earlier yr.
For the January-October interval, Türkiye’s exports totaled $216.4 billion, up 3.2% year-on-year, Bolat mentioned.
During the identical interval, imports dropped by 7.2% to $282 billion, contributing to a 30.4% discount within the commerce deficit, which narrowed to $65.6 billion.
Bolat additionally famous an enchancment within the export-import protection ratio, which rose by 7.7 proportion factors to 76.7% over the primary 10 months of the yr.
In phrases of the 12-month interval from October 2023 to October 2024, Türkiye’s rolling exports reached $262.3 billion, marking a 3.1% annual improve and setting one other historic excessive, the minister mentioned.
Over the identical interval, imports totaled $340 billion, a discount of $27 billion or 7.4%. This introduced the international commerce deficit down by 32%, from $112.8 billion to $77.7 billion, Bolat added.
Source: www.dailysabah.com