Turkey's exports hit $50 bln in Q1
Imports during the January to March period were up 9.6 percent to reach $61.2 billion, leaving the foreign trade deficit at $11.4 billion, marking a fall of 15.2 percent, according to the Turkish Statistical Institute (TÜİK).
The export-import coverage ratio was 81.9 percent in the first quarter of 2021, up from 76.6 percent during the same period last year.
In March, exports soared 42.2 percent on a yearly basis to reach $19 billion, while imports were up 25.6 percent to reach $24 billion.
The trade deficit in March stood at $4.6 billion, narrowing 14.9 percent on an annual basis.
The export-import coverage ratio in the month was 80.3 percent, while it was 70.9 percent in March 2020.