Turkey’s exports reached $169.5 billion in 2020, the trade minister announced Tuesday, citing preliminary data.

Turkey recorded all-time high monthly export figure of $17.8B in December, up 16% year-on-year, Ruhsar Pekcan said during a year-end foreign trade evaluation meeting in the capital Ankara.

Turkey’s imports also rose by 4.3% to reach $219.4B in 2020.

The country’s export-to-import coverage ratio hit 77.3% in 2020.

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