A post by @RTErdogan on X.

Turkish President Recep Tayyip Erdoğan said annualized goods and services exports are set to reach a record $413 billion, surpassing the $410 billion target set for early 2026. Medium-high and high-tech product exports rose 8.8% to an all-time high of $118.6 billion, while defense and aerospace exports jumped 61% year-over-year in October to $1.14 billion and reached $11.357 billion on a 12-month basis, up 37%. The October foreign trade deficit narrowed 11.4% and the export-to-import coverage ratio improved by 3.4 percentage points. The figures matter as a signal of shifting Turkish export composition toward higher-value sectors and improving external balance dynamics. Watch upcoming monthly trade data to confirm whether the annualized export peak holds and whether the deficit narrowing persists.