By Muhammed Ali Gurtas </p> <p>ANKARA (AA) – Turkey's exports hit an all-time high with $168.1 billion last year, the country's trade minister said Friday.</p> <p>Ruhsar Pekcan stated that exports in 2018 climbed 7.1 percent year-on-year, compared with nearly $157 billion in the previous year. </p> <p>"In 2018, imports fell 4.6 percent on a yearly basis to $223.1 billion," Pekcan said. </p> <p>"Turkey's exports-to-imports coverage ratio reached 75.3 percent last year, up 8.2 percentage points from 2017," she added.</p> <p>According to the preliminary data, Turkey's foreign trade balance posted a deficit of $55 billion last year, marking a significant improvement compared with $76.8 billion in 2017.</p> <p>The final figures will be announced by the country's statistical authority on Jan. 31.
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