Turkey’s exports in October hit highest monthly figure: Minister
She was addressing a meeting where she revealed preliminary Trade Ministry data.
The top destination for Turkish goods was Germany, with exports worth $1.5 billion.
She noted that the country’s exports to target markets were soaring swiftly.
“Our exports to Mexico advanced 14 percent, 16 percent to India and 41 percent to Latin America,” she said.
Turkey’s imports went down by 23.5 percent to $16.2 billion in October, Pekcan said.
Russia topped the list of countries from which Turkey imports with $1.9 billion. It was followed by Germany with $1.6 billion and China with $1.4 billion.
The foreign trade gap plummeted on a yearly basis in the month, according to the data.
The foreign trade volume dropped to $32 billion during the month, falling 9 percent.
The exports-to-imports coverage ratio reached 96.7 percent in September, up from 65.4 percent in October 2017.