Turkish exports have hit an all-time monthly high for the third consecutive month in February, the country’s trade minister announced Tuesday.
Sales surged 9.6% year-on-year to over $16 billion (TL 117.23 billion) in the month, Ruhsar Pekcan told a meeting in the capital Ankara.
Turkey made a flying start to 2021 thanks to its strong performance for the second month in a row, Pekcan said.
Imports rose 9.8% to $19.4 billion, bringing the trade deficit to $3.4 billion, the data showed.
The export-to-import coverage ratio was 82.7% this February, the minister noted.
“In the first two months of this year the ratio rose to 82.9% from 79.5 a year ago,” she added.
The data follows the highest monthly figures in January and December as sales surpassed $15 billion and $17.84 billion, respectively.
