Türkiye’s exports climbed 9.2% year-over-year in September, while imports jumped much higher, the country's trade minister said Tuesday, as surging energy import costs continue to widen the trade deficit.
Exports rose to $22.6 billion last month, while imports surged 41.5% from a year ago to $33 billion, Mehmet Muş told a meeting in the Black Sea province of Trabzon to announce the preliminary figures.
The trade deficit leaped around 299% year-over-year in September to nearly $10.4 billion, the data showed.
Exports to Germany, the country's top market, jumped 18.2% to over $2 billion. It was followed by the U.S., where sales jumped 0.7% to nearly $1.38 billion.
Iraq ranked third as it received $1.28 billion worth of Turkish goods, a 24.3% year-over-year increase.
Türkiye received most goods from Russia at about $6.93 billion, leaping 186.7% from a year ago, the data showed.
Imports from China and Switzerland, the second and third biggest import markets in September, rose 28% and 764.2% to $3.71 billion and $2.18 billion, respectively.
Foreign sales from January through September jumped 17.1% from a year ago to $188.22 billion. Imports were up 40.8% to over $272 billion.
Muş said energy imports constituted around a third of total imports in the first nine months of the year.
The trade gap rose 158.5% year-over-year to $83.82 billion in the first nine months, the data showed, Daily Sabah reports.
See all the news
All
Gold is shining in the new geopolitical world
JSC “Rustavi Azot” was sold
We Are Creating An Innovative Co-Working Space In Tbilisi - Sergi Gvarjaladze
The Rich Often Enjoy Tax Break - Deputy Minister
Israel Got Acquainted With The Business Tourism Potential Of Georgia
Kettari Foundation became a partner of DATAFEST this year
Tata Power’s CEO Pays Visit to BMG
NEQSOL Holding has won defamation case against Communications Commission
Trip.com says China hotel bookings are surpassing pre-pandemic levels
Europe's largest crypto exchange WhiteBIT has partnered with Netflix
Interview with Albert Park, ADB’s Chief Economist - By Elene Kvanchilashvili, Forbes Georgia Executive Editor in Chief
Investigation Service detained two persons of the fact of evading a particularly large amount of tax
This year, the VIII international literature festival Odesa will be held in Batumi
Georgian Commercial Banks Boost Business loan portfolio for large enterprises
High blueberry exports from Georgia In July
#ForbesTalks - ინტერვიუ გიორგი ჯახუტაშვილთან / 10.08.2022
#ბარი: საუბრები წარმატებაზე ბარში - გიორგი ქადაგიძე, რევაზ ვაშაკიძე და გიორგი ისაკაძე - VII გადაცემა / 06.08.2022
#BMGDRIVE:„ადამიანები ვისაც ემუშავები მალე იცვლებიან, თანამდებობებს ტოვებენ - ეს პრობლემაა“ - მევლუდ მელაძე
#საქმიანები: მაია კეზევაძის ნამდვილი იმერული ესკიზები
#BMGDRIVE: ვინ ყიდულობს „თბილისის დინამოს“? - ლევან სალუქვაძე/ 30.07.2022