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Turkey Export Journal record February high of $20 billion

by John Pierce
March 2, 2022
in Business
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Turkey’s exports hit another all-time monthly high as sales hit $20 billion in February, the trade minister announced on Wednesday.

Exports were up 25.4% year-over-yearMehmet Muş said in a meeting in the capital Ankara to announce the preliminaries trade The figures.

Imports jumped 45.6% year-over-year to $28.1 billion, according to the data, due to harsh winter conditions and rising energy price.

Of this amount, energy-related purchases represented for about $9 billion, according to the data.

the stranger trade the deficit jumped 142% to $8.1 billion, Muş said.

the stranger trade volume soared 36.4% to $48.1 billion last month, the minister Noted.

The export-import-excluding energy coverage ratio was 95.1% in February, he added.

The number of exporting companies increased by more over 5,000 year-over-year in February, Muş said.

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