Turkey's exports at all time August high, trade minister says

Medical aids are being prepared to be sent to Lebanon in Ankara, Turkey on August 11, 2020 [Turkish Defense Ministry/Handout – Anadolu Agency]

Turkey’s exports hit an all-time high August figure at $18.9 billion, Hurriyet Daily News reported Minister of Trade Mehmet Mus saying yesterday.

Exports rose 52 per cent compared to the same period last year, the minister said.

“With this strong momentum achieved in our exports, we surpassed the pre-pandemic performance,” he said.

According to the Observatory of Economic Complexity (OEC) figures, in August 2021, the increase in Turkey’s year-by-year exports was explained primarily by an increase in exports to Germany ($638 million) , the United Kingdom ($597 million), and Spain ($470 million).

Turkey’s top exports are nuclear reactors, boilers and machinery.

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