Türkiye's export sector continues to demonstrate strong performance, driving a sustainable current account balance despite a rise in imports, Treasury and Finance Minister Mehmet Şimşek announced, evaluating the latest foreign trade data.

In a statement posted on his social media account, Minister Şimşek revealed that on an annualized basis, Turkish exports reached $269.7 billion during the January-September period. This figure marks a 4.1 percent increase compared to the previous year, achieved despite persistent uncertainties in global trade.

“The positive performance in exports continues,” Şimşek stated, emphasizing that the country's trade sector has successfully maintained its momentum even amid challenging international conditions.

Looking ahead, the minister pointed to several factors that are expected to further bolster export growth in the coming months. These include accelerated economic growth in Türkiye's main trading partner countries, improved access to financing for businesses both domestically and internationally, and the favorable impact of euro-dollar exchange rate parity.

A key highlight of the minister's assessment was the state of the current account balance. Şimşek underlined that despite an increase in imports, the deficit remains at sustainable levels, largely thanks to the strong contributions from goods and services exports.

Reaffirming the government's commitment to the trade sector, Minister Şimşek added, “We will continue to stand by our producers and exporters with policies that increase value-added production and competitiveness.”

The latest data reflects Türkiye's resilient foreign trade performance and underscores the government's ongoing efforts to maintain a balanced and sustainable economic structure in the face of global economic headwinds. (ILKHA)