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As the newspaper Daily Sabah reports, the industrial sector of Turkey has the best October for a long time behind itself according to data of the Turkish exporters’ meeting (TIM). After it exported goods worth 13.3 billion dollars (113.73 billion TL).

Turkish Industry Port
October is record month for Turkish industrial exports

Turksih industry has two months to catch up on the downturn

If the Turkish industry is able to maintain a similar performance in the remaining two months of the year, it is estimated that it will be able to make up for the biggest downturn caused by the coronavirus pandemic.

The industry’s foreign sales had dropped to as low as $6.2 billion in April. The lowest level since May 2009, after Turkey imposed pandemic-related closures to contain the spread of the disease. The measures were largely lifted from June onwards.

Turkey was in a recovery process after a difficult April, said Industry and Technology Minister Mustafa Varank on Friday.

New orders, capacity utilization, investments and exports in the manufacturing industry are increasing, Varank said during the opening ceremony of a factory in the northwestern province Tekirdağ.

Exports in the industrial sector recovered to $11.5 billion in July after rising to $7.1 billion in May and $10.2 billion in June, the data showed. Sales rose to $12.3 billion in September before reaching an all-time monthly high in October.

Source: dailysabah.com


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