Exports in 2021 reaches USD 225.4bn

Turkey’s exports rose by 32.9% to USD 225.4bn in 2021, compared to the previous year, according to President Recep Tayyip Erdogan.

The country’s foreign trade deficit, meanwhile, dropped by 7.8% to USD 45.9bn in the same period.

The export/import coverage ratio hit 83.1%.

“We’ve achieved our foreign trade volume, which stood at USD 87.6bn in 2002, to reach USD 496.7bn in 2021,” President Erdogan said.

The number of exporters has totaled 101,386 as of the end of 2021.

“The number of companies joined our export family has exceeded 32,000,” President Erdogan added.

All 81 provinces performed export activities, while 78 of them raised exports.

Turkey’s exports to the European Union (EU), the main trade partner of the country, increased by 33% to USD 93.1bn in 2021.

The country posted USD 7.7bn surplus in net terms in bilateral trade with the EU.

The government has revised its 2022 export target to USD 250bn.

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