ISTANBUL

Annualized goods exports of Türkiye hit an all-time high of $265 billion in April, Türkiye's Trade Minister Omer Bolat said on Friday.

The 12-month annualized exports climbed 2.7% or $7.1 billion on a yearly basis.

Imports in the last 12 months rose 0.2% to $351.6 billion, resulting in an annualized trade deficit of $86.6 billion, down 6.8% or $6.4 billion from the previous period.

Meanwhile, April's exports rose 8.5% year-on-year to $20.9 billion, the second-highest April export figure in history.

Imports in the month also increased by 12.9%, reaching $33 billion.

The goods foreign trade balance in April posted a deficit of $12 billion, up 21.7% year-on-year.