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Turkish exporters have managed to exceed the $20 billion threshold for the first time

Turkish exporters have managed to exceed the $20 billion threshold for the first time

Turkish exporters have managed to exceed the $20 billion threshold for the first time on a monthly basis in September, the country’s trade minister announced Friday.

Exports surged 30% to hit $20.8 billion last month, Mehmet Muş told a meeting in the capital Ankara to announce preliminary figures.

“For the first time in our republic’s history, we have exceeded the threshold level of $20 billion on a monthly basis,” Muş said.

Imports grew 12% to $23.4 billion, Muş noted.

The country has also achieved its 12-month rolling exports target for this year in the first nine months of the year, reaching $212.2 billion, the minister noted.

As laid out in Turkey’s new economic program announced by the government, the export target for this year is $211 billion, he added.

“I believe this success story will continue to increase and maintain growth permanently,” Muş said.

September’s exports-to-imports coverage ratio stood at 88.9% compared to 76.7% a year ago, the data showed.