Türkiye's exports up by 9.2 pct in Sept.

0 Comment(s)Print E-mail Xinhua, October 4, 2022
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ANKARA, Oct. 4 (Xinhua) -- Türkiye's exports increased by 9.2 percent year on year to 22.6 billion U.S. dollars in September, Trade Minister Mehmet Mus announced Tuesday.

"This is the highest September export figure. Thus, we reached the highest monthly export value in the first nine months of 2022," Mus tweeted.

According to data released by the Trade Ministry, Türkiye's imports grew by 41.5 percent to 33 billion U.S. dollars in September, leading to a 298.3-percent increase in the trade deficit compared to the same month last year.

Germany, the United States, and Iraq were the top three importers of Turkish goods in September.

Last year, the Turkish government announced an economic model that pursues a current account surplus through higher exports and low-interest rates, despite rising inflation and a depreciation in the local currency.

The country's foreign trade deficit is widening amid a surge in the global price of commodities, which, along with the increasing inflation, threatens the government's economic program.

On Sept. 22, Turkish President Recep Tayyip Erdogan reiterated the government's plans to pursue the country's growth through investment, employment, production, exports, and current account surplus. Enditem

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