President Recep Tayyip Erdoğan announced a historic milestone in Türkiye's economic achievements, highlighting the remarkable growth in exports that reached USD 255.8 billion, a 0.6 percent year-on-year increase, setting a new record in the country's history.
President Erdoğan commended the collective efforts of the business community and exporters who, notwithstanding global challenges, worked tirelessly to promote Turkish products worldwide. He stressed the strategic importance of Türkiye's geographical location and its role as a central hub in the global power dynamics.
President Erdoğan emphasized the positive trends in various economic indicators, including a 14.7 percent increase in investments, contributing to the continuous growth trend. The President also expressed the commitment to reducing inflation to single-digit figures, outlining the measures taken to address inflation triggered by rising global prices.
In addition to the strong performance in goods trade, President Erdoğan pointed out the positive impact on service trade, with a historic high of USD 99.2 billion recorded in service exports by October 2023.
Addressing the challenges in the region, President Erdoğan asserted that Türkiye effectively averted entanglement in the conflicts, safeguarding its economic, diplomatic, and trade gains. Despite external interventions, the President highlighted efforts to strengthen relationships with neighboring countries, fostering a "win-win" approach.
Highlighting Türkiye's economic resilience, President Erdoğan noted that despite global crises such as the Covid-19 pandemic, the Russia-Ukraine war, and supply chain disruptions, the Turkish economy maintained an impressive annual growth rate of 6 percent compared to the world average of 3.4 percent.
Looking ahead, President Erdoğan announced ambitious goals for 2024, aiming to exceed USD 375 billion in combined goods and service exports. Accordingly, exporters were assured of continued government support, with plans to double the budget allocated to export incentives and introduce new support packages.
President Erdoğan also inaugurated the Türkiye e-Export Platform, a digital platform facilitating the interaction between Turkish exporters and foreign importers, aiming to expand the reach of Turkish products globally.