Türkiye's exports see all-time high January figure

Surging energy prices and high gold demand pushed Türkiye's imports up 21% year-on-year in January, says trade minister

By Tuba Sahin

ANKARA (AA) - Türkiye's exports posted an all-time high January figure at $19.4 billion, the country's trade minister said on Thursday.

Outbound shipments rose 10.4% from the same month of last year, Mehmet Mus told a news conference on Türkiye's preliminary foreign trade data.

Due to surging energy and commodity prices, Turkish imports jumped 21% year-on-year to $33.7 billion in January, including more than one-quarter of this figure in energy, Mus said.

Türkiye's energy imports amounted to $8.8 billion in January, leaping 238% from a year earlier.

Mus underlined that high gold demand also made a significant contribution to Türkiye's total imports, as the country paid $5.1 billion for the precious metal.

The country's foreign trade deficit reached to $14.3 billion in January.

Kaynak:

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