Turkey outperforms pre-pandemic levels in Aug. with strong momentum in exports, says trade minister
Turkey’s exports hit an all-time high August figure with $18.9 billion, Trade Minister Mehmet Mus announced on Thursday.
Citing preliminary figures, Mus sad the country’s exports surged 52% from the same month last year.
“With this strong momentum achieved in our exports, we surpassed the pre-pandemic performance,” he said.
The figure also represents a rise of 43% from August 2019, he underlined.
Turkish imports climbed 23.8% to $23.2 billion during the same period,he noted, while the exports/imports coverage ratio jumped 15.1 points to 81.5% in August.
Turkey’s 12-month rolling exports reached $207.5 billion, an all-time high, Mus noted.
He also highlighted that In January-August, Turkish exports soared 37% annually to $140.2 billion.
The eight-month figure was up 20% from the same period of 2019, Mus noted.
Turkey’s imports reached $170 billion in January-August, rising 25.5% from last year.
The exports-to-imports coverage ratio rose to 82.5% in the first eight months of the year, up 6.9 points from the same period of 2020.