Türkiye’s exports rise 2.3% to $24B in October, setting new record

Türkiye’s exports increased by 2.3% year-on-year in October, reaching $24 billion and marking the highest October export figure in the country’s history, Trade Minister Omer Bolat announced Tuesday.

Speaking at a news conference in Istanbul, Bolat said Türkiye also achieved a new record in annualized exports, totaling $270.2 billion over the last 12 months.

Strong growth in 2024

From January to October, Türkiye’s exports amounted to $224.6 billion, up 3.9% compared to the same period last year.

Türkiye's Trade Minister Omer Bolat delivers a speech at the Century of Türkiye Conference, organized by the Turkish Parliamentarians Association Branch in Istanbul, Türkiye, on Feb. 16, 2025. (AA Photo)

Bolat noted that the upward trend reflects continued momentum in Türkiye’s export performance despite global challenges.

Imports and trade balance

Imports rose 6.6% in October to $31.4 billion, resulting in a foreign trade deficit of $7.4 billion for the month.

Between January and October, the foreign trade deficit stood at $74.4 billion, according to official data.

November 05, 2025 05:38 AM GMT+03:00