Country’s exports in October increase 20.2% from same month last year while imports totals at $22.3B
Refreshing its monthly figure record, Turkey’s exports hit $20.8 billion in October, the trade minister said on Monday.
Turkish exports rose 20.2% year-on-year in October, Mehmet Mus told at a news conference in Ankara where he revealed the country’s preliminary foreign trade data for the month.
“The 12-month rolling exports figure of $215.7 billion is also a new all-time high in October,”Mus said.
The country’s imports also climbed 13% to $22.3 billion during the same period, he stressed, adding that the exports-to-imports coverage ratio reached 93.4% in October, up 5.6 percentage points from the same month last year.
Pointing to the upward trend in the exports-to-imports coverage ratio during the course of the year, the minister said: “Very soon, we will have achieved the target of Turkey, which posts a surplus in foreign trade.”