Export statement from Vice President Yılmaz: The highest level in the history of our Republic

Vice President Cevdet Yılmaz, in his post on his social media account, made statements regarding foreign trade data for October 2026. In his statement, Yılmaz stated that in a period when protectionist tendencies in global trade are strengthening and geopolitical uncertainties and risks related to foreign demand continue, the increase in exports continues to reflect the country's production capacity and competitiveness in foreign markets.

Yılmaz continued his statement as follows:

"In October, our exports increased by 8.1 percent compared to the same month of the previous year and reached 25.9 billion dollars, while our annualized exports rose to the highest level in the history of our Republic with 285.6 billion dollars. We estimate that our annualized exports of goods and services continued to increase and reached 413 billion dollars.

With the impact of the high performance of our exports, our foreign trade deficit improved by 11.4 percent in October compared to the same month of the previous year, while the ratio of exports to imports increased by 3.4 points in the same period.

Continuing the strong course of exports is important in terms of supporting the improvement in the external balance and keeping the current account deficit at sustainable levels. This performance recorded in our exports, despite the difficulties in global trade conditions, offers a positive outlook in terms of strengthening our presence in foreign markets, continuing the improvement in the growth composition and keeping the current account deficit at sustainable levels.

"In order to carry these gains further in the coming period, we will continue our steps to increase market diversity, improve our international commercial connections and facilitate our companies' access to global markets."