Be wary of ‘unseasonable spring’ in markets
Mustafa Sönmez - Hürriyet Daily News March/14/2016 With the effect of foreigners entering the Borsa Istanbul,…
Turkish officials have been hailing a notable rise in the country’s exports, but the increase has been marked by price cutting while the country’s imports have grown more expensive, official data show.
In the first nine months of the year, Turkey’s exports were worth some $188 billion, a 17% increase from the same period in 2021, while the bill of its imports topped $271 billion, increasing more than 40% from the same period last year.
Trade Minister Mehmet Mus praised the rise in exports as “a strong performance,” but said nothing about how the quantity of exports has changed.