In February, Turkey had the highest February export figure in the country’s history. Exports increased by 5% in the first two months of the year, and imports decreased 23.1%.” The Trade Minister said that the rate of exports covering imports was the most important economic indicator this year and it had reached 87.3% in the first two months, an increase of about 64% in the same period last year.
Some economists say that the decline in imports is a direct reflection of decreasing production and stalling investments, as industry no longer needs the imports to use in manufactured goods.