Turkey`s exports up 5.6% y-o-y to reach $17.33B, while imports grow 8.5% to stay at $19.7B, trade minister says
Gokhan Ergocun, ISTANBUL: Turkey`s exports reached $17.33 billion, increasing 5.6% year-on-year in October, the country`s trade minister announced on Monday, citing preliminary data.
The country posted the highest monthly export figure last month, by surpassing $17 billion, Ruhsar Pekcan said.
Turkey`s imports reached $19.73 billion in October, up 8.5% versus the same month last year, she noted, adding that 87.8% of all imports were raw materials and investment goods.
The exports/imports coverage ratio reached 87.9% -- the highest level of 2020 – in October, while the foreign trade volume of the country was $37.06 billion.
The October export figure confirmed that Turkey will weather the pandemic with the least damage possible and it will be among the countries recovering the fastest, she underlined.
