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Imports jump due to rising energy prices

Imports jump due to rising energy prices

Turkey’s imports totaled USD 30.9bn in March, according to Trade Minister Mehmet Mus. Mus said imports surged by 156% year-on-year in March due to a sharp increase in energy prices recently. Exports, meanwhile, reached USD 22.7bn in March, up 19.8% on a yearly basis. Mus also noted that the export figure hit an all-time high...

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Exports hit all-time high for January

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...