“In the same month, exports coverage ratio to imports reached 83.3 percent,” Pekcan said. “It is also the highest level over the past nine
She added that Turkish exports amounted to $12.4 billion in August, with a yearly fall of 6.5 percent, while the country’s imports declined by 22.4 percent to $14.8 billion.
Pekcan said the nine-day holiday for Eid al-Adha last month played a role in the 6.5 percent decrease in exports due to the loss of four working days.
“By compensating for the calendar effect, we will see that exports will show a rapid increase again in September,” she added.
“In the near future, we will start to get the results of studies we performed,” the minister added.