Politics
Trkiye sets new record with $262 billion in exports, says Erdogan
Trkiyes exports reached a record level of $262 billion in 2024, an annual increase of 2.5%, President Recep Tayyip Erdogan announced on Friday, according to Anadolu Agency.
Azernews reports.
Speaking at an event in Istanbul, Erdogan highlighted the country's improving trade balance. Trkiyes' foreign trade deficit increased from $106.3 billion in 2023 to $82.2 billion in 2024. He also noted that the coverage rate of exports and imports increased by 5.5 percentage points. percentage to reach 76.1%.
In December alone, Trkiye reached a record monthly export level of $23.5 billion, an increase of 2.2 percent compared to the same period last year, Erdogan added.
Regarding the country's economic prospects, Erdogan revealed that the per capita income, which stood at $13,243 in 2023, is expected to exceed $15,000 in 2024 and exceed $17,000 by 2025. He highlighted the goal of Trkiye to achieve GDP growth of 4% in 2025, driven by net exports. and investments in fixed capital.
Erdogan also highlighted that Trkiye has recorded positive growth rates for 17 consecutive quarters, including a growth rate of 2.1% in the third quarter of 2024.
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