Turkish exports make flying start to 2020
Turkey's exports rose 6.1% on an annual basis to $14.8 billion in January, head of Turkish Exporters' Assembly İsmail Gülle said Monday.
- Economy
- Anadolu Agency
- Published Date: 11:43 | 03 February 2020
- Modified Date: 11:44 | 03 February 2020
Turkish exports posted a year-on-year rise in January, the head of Turkish Exporters' Assembly said Monday.
The country's exports boosted 6.1% on an annual basis to $14.8 billion last month, İsmail Gülle told at a press meeting held in southern Hatay province.
Imports also surged nearly 19% to hit $19.2 billion during the same period, he added.
"Thus, the exports-to-imports coverage ratio reached 76.8% in January," Gülle stressed.
Germany ($1.5 billion), Italy ($889 million) and the U.K. ($870 million) were the main recipients of Turkish exports in the month.
The country's exports to the EU hit $7.4 billion in January, bringing the bloc's share in Turkey's total exports to 50%, thanks to the recovery in the EU, Gülle said.