Turkey's exports reach all-time high August figure

Turkey's exports hit an all-time high August figure with $18.9 billion, Trade Minister Mehmet Muş announced on Sept. 2.

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Citing preliminary figures, Muş sad the country's exports surged 52 percent 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 percent from August 2019, he underlined.

Turkish imports climbed 23.8 percent to $23.2 billion during the same period, he noted, while the exports/imports coverage ratio jumped 15.1 points to 81.5 percent 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 37 percent annually to $140.2 billion.

The eight-month figure was up 20 percent from the same period of 2019, Muş noted.

Turkey's imports reached $170 billion in January-August, rising 25.5 percent from last year.

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The exports-to-imports coverage ratio rose to 82.5 percent in the first eight months of the year, up 6.9 points from the same period of 2020.

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