Turkish exports hit all-time high in October

Türkiye's exports increased 7.4% year-on-year to $22.9 billion, an all-time high for October, the trade minister announced on Monday.

Turkish imports increased 1.3% from last year to $29.6 billion in October, Ömer Bolat said at a news conference on Türkiye's preliminary foreign trade data.

"Thus, the country's foreign trade gap shrank 15% to $6.7 billion in October," Bolat noted.

The exports-to-imports coverage ratio gained 4.4 percentage points to reach 77.3% last month.

Between January and October, Türkiye's overseas shipments slightly rose by 0.3% annually to $210.1 billion, while imports ticked up by 1.2% to $304 billion.

"The country's 12-month rolling exports reached $254.8 billion as of this October with a hike of 0.7%, exceeding the record high figure of $254.2 billion registered at the end of 2022," Bolat said.