Turkish exporters, tourism sector cut prices
Amid the dramatic slump of the lira, Turkish exporters have sold goods at lower prices, while the country’s imports, chief among them energy, have grown more expensive, official data show.
Turkish officials have been hailing a notable rise in the country’s exports, but the increase has been marked by price cutting while the country’s imports have grown more expensive, official data show.
In the first nine months of the year, Turkey’s exports were worth some $188 billion, a 17% increase from the same period in 2021, while the bill of its imports topped $271 billion, increasing more than 40% from the same period last year.
