Huge rise in exports for Turkey
Huge rise in Exports
The trade minister, Mehmet Mus, announced that Turkish exporters achieved their best August sales yet to date. The nations 12 month rolling foreign sales also reached a new all time high.
A total of $18.9 billion exports were accounted for last month making a 52% year on year increase. The trade minister suggests that these figures surpassed the pre-pandemic performance and is an excellent performance with a rise of 43% compared to August 2019. The $200 billion thresholds in July was exceeded this year and also exports had reached $207.5 billion since the last month.
Imports have also improved
In August imports climbed by 23.8% to $23.2 billion dollars. Furthermore, the January- August sales soared by a massive 32% and the ratio jumped from 15.1 percent to 81.5 percent. The same figure from last year was up by 20%. Imports climbed 23.8% to $23.2 billion in August, the data showed. This data is hugely successful for Turkey and it’s future.