Turkey's exports expected to drop around 17% in March

Turkey's exports are expected to drop around 17% in March, as the coronavirus (COVID-19) pandemic leads to a decline in trade with some of its biggest partners, Trade Minister Ruhsar Pekcan said on April 1. Pekcan also said that exports to Iran declined by 82%, those to Iraq by 48%, to France by 32.5% and to Germany by 14%.

Duvar English

Turkey's exports are expected to drop around 17% in March, as the coronavirus (COVID-19) pandemic leads to a decline in trade with some of its biggest partners, Trade Minister Ruhsar Pekcan said on April 1.

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"We'll announce the exact numbers tomorrow, but we will pull it together with contactless trade," Pekcan said, adding that exports to Iran declined by 82%, those to Iraq by 48%, to France by 32.5% and to Germany by 14%.

Pekcan also said that international organizations made downward revisions on growth expectations.

"When we consider these, Turkey had a very good start to this year. While exports of China fell 17 percent, Norway by 12 percent, Brazil by 9 percent in January and February, our exports during the same time period increased by 4.3 percent," she said.