02.07.2025 11:53
The Minister of Trade, Ömer Bolat, made statements regarding the foreign trade figures for June. He reported that exports in June reached 20.5 billion dollars, marking an 8% increase compared to the same month last year. Minister Bolat stated, "As of June, we have increased our annual exports by 3.2%, breaking a record in the history of the Republic with 267 billion dollars."
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Trade Minister Ömer Bolat held a press conference regarding the foreign trade figures for June. Minister Bolat announced that the highest export increase in the first 6 months of the year occurred in June. Bolat stated, "As of June, we increased our annual exports by 3.2% to reach a record of 267 billion dollars in the history of the Republic."
STRIKING STATEMENTS FROM MINISTER BOLAT Highlights from Minister Bolat's statements; "Since July, the highest increase rate in the last 12 months was 8% in June. This is a morale-boosting, motivating, and hopeful development. I would like to announce the export figures for the first 6 months here. In the first 6 months, our exports increased by 4.1% to reach 131.4 billion dollars. Last year it was 126.2, which means we achieved an increase of 5.2 billion dollars in the first 6 months. This gives us great morale for the second 6 months. With God's permission, we will exceed 270. We wholeheartedly believe in this.
"WE BROKE MONTHLY RECORDS IN 14 OF THE LAST 25 MONTHS" Here, we broke monthly records in 14 of the last 25 months. In 18 of the last 25 months, we have always achieved an increase. There were declines in 7 months. Some were due to calendar effects, some due to parity effects, and some due to unfavorable demand conditions. However, we increased our exports in 18 of the last 25 months. Let's also look at the annual figures. As of June, we set another record in the last 12 months. We broke the record with 267 billion dollars. This means a 3.2% increase. This year, we took over with an increase of 5.2 billion dollars from 261.8 on January 1. Together with you, we have reached the record figure of 267 billion dollars in our annual exports, thank God. Bolat stated that a record was also broken in the 12-month exports in June.
"WE STAYED BELOW 30 BILLION DOLLARS IN IMPORTS" Of course, this is the export front. Let's also look at imports together. The good news regarding imports is that we stayed below 30 billion dollars. Because staying below an average of 30 billion dollars is an important threshold for us. It means keeping imports under control. Our import for June was 28 billion 700 million dollars. There is a 15.3% increase. Here, as in exports, there is a positive calendar effect. Because compared to last year's Eid al-Adha holiday, this year there were 3 days less holiday, and we had an increase of 3 billion 8 million dollars monthly. One of the main reasons for this is the calendar effect, another is the increase in energy prices after Israel's attacks on Iran, the rise in gold prices, and the turbulence in the markets. There is a development, friends. Let's remember, when high customs duty increases and tariff wars began on April 2, when the Pakistan-India War started, and when Israel attacked Iran, we observed that producers importing raw materials and input goods or those engaged in import trade started to increase their forward orders and pull goods due to concerns about further increases. This also has a speeding effect on imports. We saw this here. Thank God, a ceasefire was achieved between Israel and Iran in 12 days, and nothing more happened in this regard.
The price of Brent crude oil was around 64-65 dollars per barrel. It immediately surged to 78-80 dollars over 12 days. This had a negative impact on both our natural gas and gold, and oil imports. We observed a sudden increase in import demands and orders for raw copper, raw aluminum, cocoa, coffee, and other raw materials. This is among the reasons for the increase in imports in June. Looking at the figures, our foreign trade deficit is 28.7 billion dollars, which has remained below the 30 billion dollar threshold compared to May and April. This is a pleasing factor. I would like to draw your attention to this. This is the lowest import figure for the first 6 months of this year. The other was 28.7 billion dollars in January. It was 28.5 in February. It was also 28.7 in June. Keeping these figures stable and below 30 is a factor of stability for us.
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