Exports from Turkey this June increased by 15.8% from the same month last year, recovering from a decline due to the COVID-19 outbreak, Turkey’s trade minister said. Exports recorded a month-on-month rise of 35% thanks to the normalization process. Imports also rose 8.2% to $16.3 billion in the same period.
The export-to-import coverage ratio was 82.6% in June 2020 versus 77.2% in June 2019.
The automotive industry remained Turkey’s leading export sector, but in June its exports fell 11% year-on-year but rose 80% month-on-month.