In October, exports increased by 7.4 percent compared to the same month last year and reached 22.9 billion dollars. The announced figure was recorded as the highest export figure of October.
Imports for the period in question increased by 1.3 percent to 29.6 billion dollars.
2023 export record set
Trade Minister Ömer Bolat stated that 12-month exports increased by 0.7 percent to 254.8 billion dollars and said, "We exceeded the record figure of 254.2 billion dollars at the end of 2022."
Foreign trade deficit decreased by 15 percent
According to October data, Türkiye's foreign trade deficit decreased by 14.9 percent to $6.7 billion.
Since the beginning of the year, the foreign trade deficit has increased by 3.2 percent to 93.9 billion dollars. Exports increased by 0.3 percent in January-October to 210.1 billion dollars, while imports increased by 1.2 percent to 304 billion dollars.
Energy imports fell
In 2022, energy imports reached a historical peak of 96.5 billion dollars, driven by record-high natural gas prices.
In the 2023 January-October period, energy imports fell to $57.3 billion from last year's $80.6 billion with the decline in energy prices. Minister Bolat also stated that they expect to complete the year 2023 without exceeding 70 billion dollars.
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