Turkey's exports reach all-time high August figures - minister
Citing preliminary figures, Finance Minister Mehmet Muş said Turkey's exports went beyond the last year's August figures with a %52 increase. "With this strong momentum achieved in our exports, we surpassed the pre-pandemic performance," he said.
- Economy
- Anadolu Agency
- Published Date: 03:12 | 02 September 2021
- Modified Date: 03:12 | 02 September 2021
Turkey's exports hit an all-time high August figures with $18.9 billion, Trade Minister Mehmet Muş announced on Thursday.
Citing preliminary figures, Muş sad the country's exports went beyond the last year's August figures with a %52 increase.
"With this strong momentum achieved in our exports, we surpassed the pre-pandemic performance," he said.
The figure also represents a 43% increase over the August 2019 figures, 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, Muş noted.
He also highlighted that In January-August, Turkish exports soared by 37% annually to $140.2 billion.
The eight-month figure was 20% higher than the same period of 2019, Muş noted.
Turkey's imports reached $170 billion in January-August, rising by 25.5% compared to the last year.
The exports-to-imports coverage ratio rose by 82.5% in the first eight months of the year, 6.9 points higher than the same period of 2020.