President Erdogan hails record Trkiyes exports in 2024

Trkiyes exports reached their highest level in its history at the end of 2024, recording $262 billion, up 2.5%, President Recep Tayyip Erdogan announced on Friday.

The country's foreign trade deficit, which stood at $106.3 billion in 2023, narrowed to $82.2 billion, President Erdogan said at the Turkish Exporters' Fair. Assembly (TIM) 2024 Export Figures Announcement Program Event in Istanbul. The coverage rate of exports and imports reached 76.1% in 2024, up 5.5 percentage points year-on-year, Erdogan stressed.

In December alone, the country's exports increased by 2.2 percent to $23.5 billion, another record high, he added.

Trkiye set to join high-income countries, Erdogan announces

Regarding Trkiye's gross domestic product (GDP), Erdogan said the country's per capita income, which was $13,243 in 2023, is expected to exceed $15,000 in 2024 and exceed $17,000 in 2025.

Trkiye aims to achieve 4% growth in 2025 with the support of net exports and fixed capital investments, Erdogan stressed, recalling that growth was 2.1% in the third quarter and reached positive growth rates over the past 17 quarters.

“History will attest to our justice in Gaza”

Erdogan also stressed that Trkiye's righteous position on Gaza will be confirmed by history, just as it was in Syria. “Just as we were right in the case of Syria, history will also attest to our rightness in the Gaza crisis,” Erdogan said.

Assad, Syria's leader for nearly 25 years, fled to Russia after anti-regime groups took control of Damascus on December 8, ending rule by the Baath Party, which had been in power since 1963.

Erdogan also pointed out that Trkiye is the only country that has completely cut off trade with Israel. In May, Trkiye cut off all trade with Israel, worth some $9.5 billion, amid Israel's ongoing genocidal war against Gaza.

Despite a UN Security Council resolution calling for an immediate ceasefire, the Israeli army continues its attacks on Gaza which have claimed nearly 45,600 lives, most of them women and children, since October 7, 2023.

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