Turkey’s exports increase by 5.4 percent to US$ 15 billion in April 2019

Turkey which has many problems to work out to include economic ones in the first place has improved its export performance. The good news in regards was shared by President ERDOGAN in a speech he delivered at the Turkey’s Innovation Week INOVALIG Awards Ceremony organized at Istanbul Congress Center.

Addressing guests at the event ERDOGAN said, “As of last month, our exports increased by 5.4 percent compared to the same month of the previous year and reached 15 billion 273 million dollars”.

The PRESIDENT noted that he believed the meeting which hosted industrialists, professionals, academicians, researchers and media members appreciating the issue of innovation would shed light to the future of the country.

ERDOGAN also said that he witnessed a remarkable excitement of innovation in all areas from secondary education to universities, business world to culture and art.

He went on to address the guests and shared following:

“You have taken your places in the frontline of our country’s survival struggle through the efforts you spend to increase the quantity as well as the quality of our exports not to forget your contribution in other related areas, either. I would like to express my gratitude to each of you for this.

Turkey Exporters Assembly which is the only umbrella organization of exports is also the largest power of the Turkish trade diplomacy with its 83 thousand members, in the field. Today, Turkey exports to 222 countries in the world.

As of last month our exports increased by 5.4 percent compared to the same month of the previous year to US$ 15 billion 273 million dollars. Our imports decreased by 14.6 percent to US$ 18.1 billion. Thus, our foreign trade deficit decreased by 57.8 percent to 2 billion 831 million dollars.

The ratio of our exports to our imports which was 68.3 percent in April last year went up to 84.4 percent this year. Today, exports of goods and services are not enough alone. In order to reach our 2023 targets, we need to increase the added value of our exports”.

ERDOGAN also said he believed this would be achieved when the real sector and the finance sector and the economy would join forces with citizens.