Turkey posts highest February exports figure

Dünya Executive - - OVERVIEW -

Turkey posts highest February exports figure Turkey recorded its highest February export figures, Trade Minister Ruhsar

Pekcan said on March 4. Turkish exports based on the special trade system rose 3.5 percent year-on-year to reach $13.6 bill on in February, Pekcan said at a news conference in the capital Ankara. Formed on general trade system, Turkey’s exports last month amounted to $14.3 billion, increasing 3.7 percent on an annual basis, she said. The country’s imports last month based on the general trade system fell 18.7 percent to hit some $16.2 bill on, she added. Imports based on the special trade system totaled $16.2 billion, down 18.7 percent annually, according to the ministry. “Thus, our exports in the first two months of this year rose 5 percent while imports slipped $23.1 billion [on a yearly basis],” Pekcan said. Calling the significan­t increase in exports-to- -imports coverage ratio as the most important indicator of 2019, Pekcan said: “The exports-to-imports coverage ratio based on the general trade system advanced to 88.6 percent in February, up from 69.4 percent in the same month last year.” Turkey’s foreign trade deficit based on the general trade system last month shrank to $1.8 bill on from $6.1 bill on in February 2018, Pekcan noted. “Europe’s [EU] share in our exports increased to 51.7 percent,” Pekcan said.

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