Türkiye’s exports soar to $254.8 bn in 12-month span

Country's annual exports amounted to a mere $36.1 bn in 2002
Türkiye’s exports soar to $254.8 bn in 12-month span
Türkiye records impressive exports growth

According to Türkiye’s President Recep Tayyip Erdogan, the total value of the country’s exports from November 2022 to October 2023 reached $254.8 billion.

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Erdogan stated that when the Justice and Development Party (AKP) came into power in 2002, Türkiye’s annual exports amounted to a mere $36.1 billion.

In the past 12 months, the value of exports had soared to $254.2 billion, resulting in Türkiye becoming the third member of the Organization for Economic Cooperation and Development (OECD) to experience a significant surge in exports.

According to the Turkish President, exports in October achieved a new record by growing 7.4 percent compared to the corresponding month of the previous year, reaching a total of $22.9 billion.

According to an analysis conducted by the Financial Times of data from customs database Trade Data Monitor, the average amount between 2015 and 2021 was $28 million.

Türkiye has experienced a significant increase of over 60 percent in its imports of high priority goods from G7 countries during the current year, surpassing the corresponding periods from 2015 to 2021. The total value of these imports has reached nearly $500 million.

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