Turkey: exports rose 15.2 percent in May

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Turkish Trade Minister Mehmet Muş announced a 15.2 percent increase in his country’s exports last May, compared to the same month last year.

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This came in a press conference held with the Chairman of the Turkish Exporters Council in Ankara on Thursday to announce the foreign trade figures for May 2022.

Minister Muş said that Turkey’s total export earnings last May amounted to $19 billion.

He continued, “Our exports recorded the highest monthly figure ever in May, with an increase of 15.2 percent compared to the same month in 2021, and amounted to $19 billion.”

He stressed that according to this, Turkish exports have continuously broken records throughout the first 5 months of this year by achieving a record value at the monthly level.

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Muş stated that the volume of Turkish foreign trade increased last May by 31.1 percent to reach $48.6 billion.

In terms of imports, the Turkish Minister of Trade said that they amounted to $29.6 billion during the past month.

He pointed out that energy products accounted for a large part of last May’s imports, amounting to $6.9 billion.

He pointed out that Turkish export revenues rose to 242.6 billion dollars during the last 12 months.

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And he stressed their continued pursuit of the goal set by Turkish President Recep Tayyip Erdogan to gain $250 billion in exports by the end of 2022.