Exports up 47% in June

Exports reached USD 19.8 billion in June, up 47% from the same month last year, Trade Minister Mehmet Mus said, citing preliminary foreign trade figures.

Surging 40% year-on-year, exports hit USD 105bn in the first six months of this year, Mus added.

Imports also posted an annual rise of 27.5% to USD 126.1bn in January-June, he stressed.

The exports/imports coverage ratio went up 7.3 percentage points to 83.2 during the same period.

“Our foreign trade deficit narrowed 11.4% from the same period of last year, reaching USD 21.2bn,” Mus added.

The number of exporter companies also climbed in this period, up 12%, Mus said.

The country’s trade in its local currency hit TRY 15.5bn (USD 1.9bn) in January-June.

Last month, imports jumped 39% on a yearly basis to USD 22.7bn, according to Trade Ministry data.

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