Turkey’s monthly exports see 10-year high in October: PM

ISTANBUL

Turkey’s exports rose 15.6 percent year-on-year to $13.5 billion in October, Prime Minister Binali Yıldırım said on Nov. 1.

“The value of Turkish exports in the month is the highest figure of all time for October and the rise of 15.6 percent is the highest increase in the October figure for last 10 years,” Yıldırım said in a speech at Turkish Export Week in Istanbul.

He also noted that exports climbed 11 percent to reach $128.7 billion in the first 10 months of the year, according to data from the Turkish Exporters Assembly (TİM).

Germany again became the top market for Turkey in October with $1.42 billion exports, followed by the United Kingdom, the United States, Italy and Iraq.

In the first 10 months of the year, Turkey’s exports to Russia amounted to $724 million, marking a 54 percent year-on-year increase.

Turkey’s exports rose 14.1 percent on an amount basis, reaching 10.1 million tons, according to TİM data.

Turkey’s total exports in the most recent 12-month period rose 10.7 percent compared with the previous 12 months, to stand at $154.2 billion.

Economy Minister Nihat Zeybekci also spoke at the event, saying the government has “achieved its mid-term program’s target two months early.

“If we add the data of coming two months, we will exceed the mid-term program’s second revision of $156.5 billion,” Zeybekci added.