January Export Data Announced

January export data were announced. Trade Minister Ruhsar Pekcan evaluated the trade figures.

Trade Minister Ruhsar Pekcan announced the foreign trade data for January at a press conference held with Turkish Exporters Assembly (TIM) President İsmail Gülle at the Ministry of Trade.   Highest January Exports of All Time Minister Pekcan stated that the exports made in January were 15 billion 48 million dollars with an increase of 2.5 percent compared to the same month of the previous year. Pekcan said, “This is the highest January export of all time.” Stating that she is very pleased to start the year 2021 with a positive export figure after closing the year 2020 with important records, Minister Pekcan said: “Our exports in January were 15 billion 48 million dollars with an increase of 2.5 percent compared to the same month of the previous year, although 2 working days were missing. This figure is the highest export figure for January of all time. This figure shows that the growth process in our exports in the last quarter of last year continues. On the other hand, our imports in January were 18 billion 123 million dollars with a 5.6 percent decrease compared to the same month of the previous year. Foreign trade deficit in January was 3 billion 75 million dollars. This corresponds to a 32 percent decrease compared to January last year. The ratio of exports to imports in January increased by 6.5 points compared to January last year, reaching a high level of 83 percent. The ratio of exports, excluding gold, to imports is 87 percent.”   Foreign Trade Deficit Decreased in January Pekcan emphasized that they see the export value in January as an important and successful performance despite the observed supply constraints such as the ongoing uncertainty in the global economy, restrictions imposed on trade partners due to the second wave, delays in delivery times and increases in logistics costs and continued as follows: “The decrease in imports with the increase in exports led to a decrease in the foreign trade deficit in January. This is of course a development that supports the macroeconomic stability of our country.”