Türkiye's Exports Up 3.2 Percent in March
Türkiye's goods imports also climbed 2.3% from a year ago to $30.7 billion in March, Turkish Trade Minister Ömer Bolat told a news conference in the capital Ankara, announcing Turkey's preliminary foreign trade data.
The rise was primarily driven by a rise in energy costs, particularly due to higher global natural gas prices, as well as aircraft imports during the month, he explained.
When excluding gold and energy, Türkiye's imports showed a more modest annual increase of 0.9% in March, Bolat highlighted.
The country’s foreign trade deficit fell 0.5% to $7.3 billion during the same period, Bolat added, noting that the export-import coverage ratio improved 0.7 percentage points, rising to 76.3% in March.
In January-March, Türkiye's overseas shipments reached $65.3 billion, up 2.5% from last year, while its imports rose 4.6% to $87.9 billion.
Türkiye's trade gap grew 11.5% year-on-year to $22.6 billion in the first quarter of 2024, he noted.
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