Exports hit all-time high for January

Turkey’s exports hit an all-time high for January with a 17% annual jump to USD 17.6bn, Trade Minister Mehmet Mus announced on Wednesday, citing preliminary data.

Imports spiked to USD 28bn last month due to the unexpectedly harsh winter conditions and rising energy prices, Mus said at a news conference in the capital Ankara.

Energy imports amounted to USDbn in January, he said, adding that the export-import coverage ratio, without energy, stood at 88.3%.

“Our goal is to exceed the USD 250bn export target for 2022 set by President Recep Tayyip Erdogan,” Mus asserted.

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