EX­PORTS RISE 1.7 PER­CENT IN AUGUST

Dünya Executive - - OVERVIEW -

Tur­key’s ex­ports were worth $13.2 bil­lion in August, up 1.7 per­cent from a year ear­lier, the coun­try’s trade min­is­ter said on Septem­ber 4.

Ruh­sar Pek­can said the coun­try’s im­ports inched down 0.27 per­cent on a yearly ba­sis to $15.5 bil­lion in the month.

Last month Tur­key saw a nearly 10 per­cent an­nual de­cline in the for­eign trade deficit to $2.4 bil­lion, she added.

The for­eign trade vol­ume stood at $28.7 bil­lion, up 0.62 per­cent dur­ing the same pe­riod bring­ing the ex­ports-to-im­ports cov­er­age ra­tio to around 85 per­cent.

Is­mail Gulle, head of the Turk­ish Ex­porters’ Assem­bly, also said the au­to­mo­tive in­dus­try con­tin­ues to be Tur­key’s lead­ing ex­port sec­tor with ex­ports worth $1.7 bil­lion last month fol­lowed by chem­i­cal prod­ucts at $1.63 bil­lion and ready-made gar­ments and ap­parel at $1.4 bil­lion.

The de­fense and avi­a­tion sec­tor en­joyed the high­est an­nual rise at 30.2 per­cent, Gulle added.

From Jan­uary to August, Turk­ish ex­ports rose three per­cent from the same pe­riod last year, hit­ting $117.3 bil­lion.

The coun­try’s im­ports amounted to $137 bil­lion in the first eight months of this year, an an­nual rise of 17 per­cent.

As a re­sult, Tur­key’s for­eign trade bal­ance saw sig­nif­i­cant im­prove­ment, shrink­ing 61 per­cent dur­ing the same pe­riod.

Through the end of ev­ery month, Tur­key’s sta­tis­ti­cal author­ity, TurkS­tat, re­leases the fi­nal for­eign trade fig­ures for the pre­vi­ous month while the Trade Min­istry an­nounces pre­lim­i­nary gen­eral trade sys­tem data in the first week of ev­ery month.

Newspapers in English

Newspapers from Turkey

© PressReader. All rights reserved.