Business

Turkiye’s exports, imports rise in January

Exports climb 17.2% to $17.59B, imports up 54.2% to $27.85B on annual basis

Turkiye’s exports and imports increased in January, according to provisional data released on Monday.

Exports rose 17.2% to $17.59 billion in January, compared with the same month last year. Imports increased 54.2% year-on-year to reach $27.85 billion last month, showed the data revealed by the Turkish Statistical Institute (TurkStat) and the Trade Ministry.

“Exports, excluding energy products and non-monetary gold, were $16.75 billion with a 19.6% increase in January 2022. Imports, excluding energy products and non-monetary gold, were $18.41 billion with a 31.1% increase in January 2022,”TurkStat said in a statement.

“Foreign trade deficit, excluding energy products and non-monetary gold, was $1.66 billion in January 2022,” it added.

Foreign trade volume was $35.16 billion with a 25.4% increase.

In January 2022, foreign trade deficit was $10.26 billion with a 234.9% increase compared with January 2021, it said.

Source
AA

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