Türkiye's exports in July up 8.3% to $20B

Türkiye's exports in July up 8.3% to $20B

Share of medium-high, high technology in overall exports rose from 36.9% to 40.8% year-on-year in 1st 7 months

By Gokhan Ergocun

ISTANBUL (AA) - Türkiye's exports in July totaled $20.09 billion, up 8.4% on a yearly basis, the Turkish trade minister announced on Thursday.

This January-July, the country's exports totaled $143.4 billion, a slight annual decline, Omer Bolat said.

During the last 12-month period, exports rose 2.1% to $253.38 billion, he added.

"This was achieved despite the stagnation in global production, especially our largest export market, the EU, the weakening production and trade volume in the world economy, as well as the significant decline in world trade prices and commodity prices," he underlined.

The share of medium-high and high technology in the country's overall exports rose from 36.9% in 2022 to 40.8% in the first seven months of this year, Bolat said.

In July, Türkiye's imports rose 11.1% to $32.47 billion, while in the first seven-month period they totaled $217.5 billion, up 5.1% on a yearly basis, Bolat said.

The country's energy imports dropped 26% to $41.1 billion in the seven-month period, he added.​​​​​​​

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