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Türkiye Posts 2.3 Percent Increase in October Exports
(MENAFN) Türkiye shattered its monthly export ceiling in October, with overseas sales climbing to $24 billion—a 2.3% annual increase that marks an all-time high for the month, Trade Minister Omer Bolat announced Tuesday.
Speaking at an Istanbul press briefing, Bolat revealed the nation reached unprecedented territory with a rolling 12-month export total of $270.2 billion, establishing a new benchmark for Turkish trade performance.
The January-through-October period saw the country push exports to $224.6 billion, reflecting a 3.9% year-over-year gain that underscores sustained momentum in overseas markets.
However, imports surged 6.6% to reach $31.4 billion in October alone, driving the monthly trade gap to $7.4 billion.
Over the first ten months of 2024, the cumulative foreign trade deficit stood at $74.4 billion, reflecting the nation's continued appetite for imported goods amid expanding export capacity.
The figures demonstrate Türkiye's strengthening position in global commerce despite widening trade imbalances that continue to challenge policymakers.
Speaking at an Istanbul press briefing, Bolat revealed the nation reached unprecedented territory with a rolling 12-month export total of $270.2 billion, establishing a new benchmark for Turkish trade performance.
The January-through-October period saw the country push exports to $224.6 billion, reflecting a 3.9% year-over-year gain that underscores sustained momentum in overseas markets.
However, imports surged 6.6% to reach $31.4 billion in October alone, driving the monthly trade gap to $7.4 billion.
Over the first ten months of 2024, the cumulative foreign trade deficit stood at $74.4 billion, reflecting the nation's continued appetite for imported goods amid expanding export capacity.
The figures demonstrate Türkiye's strengthening position in global commerce despite widening trade imbalances that continue to challenge policymakers.
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