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Turkish exports hit all-time high in October

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Turkish exports hit all-time high in October

Published November 06,2023


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Türkiye’s exports elevated 7.4% year-on-year to $22.9 billion, an all-time excessive for October, the commerce minister introduced on Monday.

Turkish imports elevated 1.3% from final yr to $29.6 billion in October, Ömer Bolat stated at a news convention on Türkiye’s preliminary overseas commerce knowledge.

“Thus, the country’s foreign trade gap shrank 15% to $6.7 billion in October,” Bolat famous.

The exports-to-imports protection ratio gained 4.4 proportion factors to succeed in 77.3% final month.

Between January and October, Türkiye’s abroad shipments barely rose by 0.3% yearly to $210.1 billion, whereas imports ticked up by 1.2% to $304 billion.

“The country’s 12-month rolling exports reached $254.8 billion as of this October with a hike of 0.7%, exceeding the record high figure of $254.2 billion registered at the end of 2022,” Bolat stated.

Source: www.anews.com.tr

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