02-09-2021 17:17:29

"Turkey outperforms pre-pandemic levels in Aug. with strong momentum in exports"

Turkey's exports hit an all-time high August figure with $18.9 billion, Trade Minister Mehmet Mus announced on Thursday.

Citing preliminary figures, Mus sad the country's exports surged 52% from the same month last year.

"With this strong momentum achieved in our exports, we surpassed the pre-pandemic performance," he said.

The figure also represents a rise of 43% from August 2019, he underlined.

Turkish imports climbed 23.8% to $23.2 billion during the same period, he noted, while the exports/imports coverage ratio jumped 15.1 points to 81.5% in August.

Turkey's 12-month rolling exports reached $207.5 billion, an all-time high, Mus noted.

He also highlighted that In January-August, Turkish exports soared 37% annually to $140.2 billion.

The eight-month figure was up 20% from the same period of 2019, Mus noted.

Turkey's imports reached $170 billion in January-August, rising 25.5% from last year.

The exports-to-imports coverage ratio rose to 82.5% in the first eight months of the year, up 6.9 points from the same period of 2020.​​​​​​​