Feb 5, 2023
Turkey's exports hit $16 billion in September
Turkish exports increased 4.8% on an annual basis in September, according to the nation's statistical authority on Friday (October 30).
The figure hit $16 billion (TL 133.28 billion), the Turkish Statistical Institute (TurkStat) said in a statement.
Turkey's imports amounted to $20.8 billion last month, a year-on-year rise of 23%.
As imports increased at a faster pace than exports, the country's foreign trade deficit hit $4.8 billion during the same period, a 189.6% year-on-year increase.
According to preliminary data from the Trade Ministry on Oct. 2, Turkey saw an all-time high September export figure this year with $16.13 billion.
The exports-to-imports coverage ratio was 76.8% this September, down from 90.2% in the same month last year.
The nation's main trading partner Germany received $1.5 billion worth of Turkish exports last month.
"The country was followed by the U.K. with $1.1 billion, the U.S. with $947 million and Italy with $799 million," TurkStat said.
China was tops for Turkey's imports with $2.2 billion last month, followed by Germany and Russia with $2.1 billion and $1.6 billion, respectively.
In the January-September period, Turkey's foreign trade deficit widened 80% on an annual basis to $37.9 billion.
Exports amounted to $118.3 billion, down 10.9% year-on-year, while imports were $156.2 billion, rising 1.5% year-on-year in the first nine months of 2020.
Based on DS
The figure hit $16 billion (TL 133.28 billion), the Turkish Statistical Institute (TurkStat) said in a statement.
Turkey's imports amounted to $20.8 billion last month, a year-on-year rise of 23%.
As imports increased at a faster pace than exports, the country's foreign trade deficit hit $4.8 billion during the same period, a 189.6% year-on-year increase.
According to preliminary data from the Trade Ministry on Oct. 2, Turkey saw an all-time high September export figure this year with $16.13 billion.
The exports-to-imports coverage ratio was 76.8% this September, down from 90.2% in the same month last year.
The nation's main trading partner Germany received $1.5 billion worth of Turkish exports last month.
"The country was followed by the U.K. with $1.1 billion, the U.S. with $947 million and Italy with $799 million," TurkStat said.
China was tops for Turkey's imports with $2.2 billion last month, followed by Germany and Russia with $2.1 billion and $1.6 billion, respectively.
In the January-September period, Turkey's foreign trade deficit widened 80% on an annual basis to $37.9 billion.
Exports amounted to $118.3 billion, down 10.9% year-on-year, while imports were $156.2 billion, rising 1.5% year-on-year in the first nine months of 2020.
Based on DS
