Turkey’s exports hit all-time monthly high in January

Surpassing $15 billion last month, Turkey’s exports hit the highest January figure ever, the trade minister said on Tuesday.

Exports in January rose 2.5% year-on-year, Ruhsar Pekcan said at a meeting in the capital Ankara where she revealed preliminary Trade Ministry data.

On the imports, she said they amounted to $18.1 billion in January, dropping 5.6% from the same month last year.

With a fall in imports while exports went up, the foreign trade deficit shrank 32% on an annual basis to over $3 billion in January, Pekcan underlined.

Touching on the goals for this year, she said Turkey is optimistic about achieving the export target of $184 billion this year, depending on the COVID-19 pandemic.

She also stated that the Türk Eximbank provided financing – both loans and insurance – worth $45.6 billion in 2020, up 3.6% from the previous year.

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