Turkish exports make flying start to 2020

Turkish exports make flying start to 2020

Turkey's exports rose 6.1% on annual basis to $14.8B in January, says head of Turkish Exporters' Assembly

By Tuba Sahin

ANKARA (AA) - Turkish exports posted a year-on-year rise in January, the head of Turkish Exporters' Assembly said Monday.

The country's exports boosted 6.1% on an annual basis to $14.8 billion last month, Ismail Gulle told at a press meeting held in southern Hatay province.

Imports also surged nearly 19% to hit $19.2 billion during the same period, he added.

"Thus, the exports-to-imports coverage ratio reached 76.8% in January," Gulle stressed.

Germany ($1.5 billion), Italy ($889 million) and the U.K. ($870 million) were the main recipients of Turkish exports in the month.

The country's exports to the EU hit $7.4 billion in January, bringing the bloc's share in Turkey's total exports to 50%, thanks to the recovery in the EU, Gulle said.

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