According to the compilation made from the Ministry of Commerce data, Turkey’s exports increased by 4.4 percent compared to the same month of the previous year and reached 23.6 billion dollars in March, despite the negative effects of the Kahramanmaraş-based earthquakes in production and supply.
This figure was recorded as the highest monthly export figure of all time. Imports, on the other hand, increased by 4.2 percent to 32.2 billion dollars. In the first quarter of this year, exports increased by 2.5 percent to 61.6 billion dollars, while imports increased by 11.4 percent to 96.5 billion dollars.
Foreign trade with the Turkish lira also followed a course in parallel with the developments in Turkey’s foreign trade volume.
Accordingly, while exports in Turkish lira were 14 billion 768 million liras, imports were 30 billion 739 million liras, foreign trade volume increased to 45 billion 507 million liras.
Earthquake effect in February
Exports in Turkish lira decreased to 13 billion 840 million liras in February due to the earthquakes in Kahramanmaraş that occurred on 6 February. Imports in Turkish lira were recorded as 40 billion 364 million liras and foreign trade volume as 54 billion 204 million liras in this period.
Turkey’s exports in February, with the effect of earthquakes, decreased by 6.4 percent compared to the same month of the previous year and became 18.6 billion dollars.
The recovery in exports in March was also reflected in exports in Turkish lira.
In March, the export in question increased by 94.6 percent compared to the same month of the previous year and amounted to 18 billion 70 million liras. In this period, while the amount of imports in Turkish lira was 45 billion 710 million liras, the foreign trade volume increased to 63 billion 780 million liras.
In the first quarter of the year, exports in Turkish lira increased by 87.6 percent compared to the same quarter of the previous year and reached 46 billion 678 million liras. In this period, imports in Turkish lira were recorded as 116 billion 813 million liras.
In the first quarter of the year, the foreign trade volume with Turkish lira was calculated as 163 billion 491 million liras, with an increase of 141.6 percent compared to the same quarter of the previous year.
On the other hand, the number of countries exporting with Turkish lira was 159 and the number of companies exporting with Turkish lira was 8 thousand 460 in March.