Vice President Yılmaz: Our annualized exports have risen to the highest level in the history of our Republic

Vice President Cevdet Yılmaz shared the October foreign trade data on his NSosyal account.

Stating that in a period when protectionist tendencies in global trade are strengthening and geopolitical uncertainties and risks related to foreign demand continue, Türkiye's increase in exports continues to reflect the country's production capacity and competitiveness in foreign markets, Yılmaz said:

"In October, our exports increased by 8.1 percent compared to the same month of the previous year, reaching 25.9 billion dollars, while our annualized exports increased to 285.6 billion dollars, the highest level in the history of our Republic. We estimate that our annual exports of goods and services continued to increase and reached 413 billion dollars. With the effect of the high performance of our exports, our foreign trade deficit in October improved by 11.4 percent compared to the same month of the previous year, while the ratio of exports to imports was 3.4 in the same period. score increased.

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."