Economy

Outpacing pre-pandemic levels, Turkish exports hit $18.8B in April

Country's exports in April rose 109% year-on-year, says trade minister

Tuba Sahin   | 03.05.2021
Outpacing pre-pandemic levels, Turkish exports hit $18.8B in April

ANKARA

Managing to outpace the pre-pandemic levels, Turkish exports hit $18.8 billion this April, the country's trade minister announced on Monday, citing preliminary data.

"We achieved the highest ever April figure and also the second-highest monthly exports of all times," Mehmet Mus said in a news conference in the capital Ankara.

Turkey's exports more than doubled -- up 109% -- from the same month last year when the figure was nearly $9 billion, Mus noted.

The figure was up 22.3% from April 2019, he said, when the pandemic’s impact started to be felt in earnest.

Stressing that Turkish imports also jumped 64.1% on an annual basis to $21.9 billion last month, Mus said the foreign trade gap narrowed 32% to $3.1 billion during the same period.

The exports/imports coverage ratio climbed to 85.7% this April, up from 66.2% last April, he underlined.


January-April figure

In the first four months of this year, Turkey's exports surged 33.1% year-on-year to $68.8 billion while imports rose 19.8% to $82.9 billion, the minister said.

Turkey's foreign trade deficit shrank 19.5% to $14.2 billion in January-April, Mus noted, adding: "The export-import coverage ratio increased by 8.3 points to 82.9% in the January-April period."

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