Caspian Energy Journal Caspian European Club
Monday, 11 March 2019 17:00

Highest February exports figure recorded in Turkey

Highest February exports figure recorded in Turkey

Turkey has recorded its highest February exports figure, Minister of Trade of Turkey Ruhsar Pekcan said on Monday at the press conference in Ankara, Caspian Energy News ( reports with reference to the press statement of AK Parti (Justice and Development Party of Turkey).

Turkish exports based on the special trade system rose 3.5 percent year-on-year to reach $13.6 billion in February, Ruhsar Pekcan said.

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 billion, she added.

“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 general trade system advanced to 88.6 percent in February, up from 69.4 percent in the same month last year.”

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Person in charge of the newsline: Olga Nagiyeva 

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