Türkiye’s exports in March reach $23.6B

ISTANBUL

Despite the devastating earthquakes, Türkiye saw an increase in exports in March to the tune of $23.6 billion, a 4.4% year-on-year rise, the country’s trade minister said Tuesday.

The twin quakes in early February hit 11 provinces. The share of these regions in the country’s overall exports was at 8.6% in 2022, Mehmet Mus said at a press briefing in Istanbul.

Türkiye’s imports also rose by 4.2% to $32.2 billion in March, the minister added.

The country’s foreign trade balance posted a gap of $8.26 billion in the month, the Turkish Exporters Assembly (TIM) data showed.

Meanwhile, Türkiye’s exports in the first quarter amounted to $61.6 billion, up 2.5%, while imports rose by 11.4% to $96.5 billion, Mus said.

The foreign trade gap was at $34.9 billion in the first quarter of this year, according to TIM figures.

The TIM data showed that Germany was the main destination for Turkish exports in March with $2 billion, followed by the US ($1.38 billion), and Italy ($1.19 billion).

The main import destinations for the country in March were Russia ($3.99 billion), China ($3.78 billion) and Germany ($2.69 billion).

The EU’s imports from Türkiye totaled $9.76 billion in March, while its exports to Türkiye amounted to $10.12 billion.

• Export
• March 2023
• Mehmet Mus
• Turkiye