Contact Us

Turkish exports make flying start to 2020

Turkey's exports rose 6.1% on an annual basis to $14.8 billion in January, head of Turkish Exporters' Assembly İsmail Gülle said Monday.

Anadolu Agency ECONOMY
Published February 03,2020
Subscribe
File Photo

Turkish exports posted a year-on-year rise in January, the head of Turkish Exporters' Assembly said Monday.

The country's exports boosted 6.1% on an annual basis to $14.8 billion last month, İsmail Gülle told at a press meeting held in southern Hatay province.

Imports also surged nearly 19% to hit $19.2 billion during the same period, he added.

"Thus, the exports-to-imports coverage ratio reached 76.8% in January," Gülle stressed.

Germany ($1.5 billion), Italy ($889 million) and the U.K. ($870 million) were the main recipients of Turkish exports in the month.

The country's exports to the EU hit $7.4 billion in January, bringing the bloc's share in Turkey's total exports to 50%, thanks to the recovery in the EU, Gülle said.