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Trade Minister Ömer Bolat announced that Türkiye's exports rose 15.3 percent year-on-year in September to $25.967 billion, the second-highest monthly figure in the 103-year history of the Republic and the highest ever recorded for the month of September.

Bolat said exports over the first nine months grew 5.2 percent to a record $210.952 billion despite regional wars and global headwinds, while the foreign trade deficit narrowed 25.8 percent in September to $5.163 billion.

Measures under the program

Under the Medium-Term Program, the share of high value-added and technology-intensive products and services in exports will be raised to increase Türkiye's share of global trade, Bolat said. Transformation in low and medium technology-intensive sectors will be supported to steer companies toward higher value-added production and exports.

Bolat said measures to protect domestic production will continue within the framework of international obligations, taking into account the needs of domestic producers against unfair competition in line with new dynamics in global trade.

Key takeaways

• Türkiye's exports rose 15.3 percent in September to $25.967 billion, the second-highest monthly figure in Republic history
• Exports in the first nine months grew 5.2 percent to a record $210.952 billion
• The September trade deficit fell 25.8 percent to $5.163 billion as imports rose only 5.6 percent
• Annualized exports reached $283.7 billion, exceeding the Medium-Term Program target for the year