ISTANBUL

Turkey’s exports reached $17.33 billion, increasing 5.6% year-on-year in October, the country’s trade minister announced on Monday, citing preliminary data.

The country posted the highest monthly export figure last month, by surpassing $17 billion, Ruhsar Pekcan said.

Turkey’s imports reached $19.73 billion in October, up 8.5% versus the same month last year, she noted, adding that 87.8% of all imports were raw materials and investment goods.

The exports/imports coverage ratio reached 87.9% — the highest level of 2020 – in October, while the foreign trade volume of the country was $37.06 billion.

The October export figure confirmed that Turkey will weather the pandemic with the least damage possible and it will be among the countries recovering the fastest, she underlined.

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