Exports increased nearly 20 percent to $22.7 billion in March

The share of the top 10 export markets in Turkey’s total exports was 49.4 percent

Turkey’s exports rose by 19.8 percent on an annual basis to climb to $22.7 billion in March, data from the Trade Ministry have shown.

This marked an all-time high export figure for the month of March, Trade Minister Mehmet Muş said, adding that in January and February record monthly export levels were recorded. “Third time in a row, we achieved those record numbers,” Muş tweeted, Qazet.az reports.

Germany purchased $1.9 billion worth of goods from Turkey in March, making it the largest market for local companies.

Exports to the U.S. and Italy amounted to $1.6 billion and $1.3 billion, respectively.

The Trade Ministry data also showed that shipments to the U.K. amounted to $1.17 billion, while Iraq ranked fourth as exports to this country stood at $1.16 billion in March.

The share of the top 10 export markets in Turkey’s total exports was 49.4 percent.

Exports to the EU grew by 27 percent on an annual basis to $9.98 billion.