Turkish exports increased 4.8% on an annual basis in September, according to the nation’s statistical authority on Friday. 

The figure hit $16 billion, the Turkish Statistical Institute (TurkStat) said in a statement on Friday.

Turkey’s imports amounted to $20.8 billion last month, a year-on-year rise of 23%.

As imports increased at faster pace than exports, the country’s foreign trade deficit was up at $4.8 billion during the same period.

According to preliminary data from the Trade Ministry on Oct. 2, Turkey saw an all-time high September export figure this year with $16.13 billion.

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