Turkey’s foreign trade volume with the Turkish Lira surpassed $24.8 billion in 9 months. The increase in Turkey’s trade with different currencies drew attention. According to data compiled from the Turkish Statistical Institute (TÜİK), Turkey’s policy of conducting trade with different currencies in recent years reflected the use of the Turkish Lira in exports and imports. In 2019, Turkey’s exports with the Turkish Lira were recorded at $7.6 billion, with imports at $11.1 billion. Thus, the foreign trade volume in that year exceeded $18.7 billion. In 2020, affected by the Covid-19 pandemic, exports with the Turkish Lira decreased to $6.5 billion while imports rose to $13 billion. The trade volume with the Turkish Lira was calculated as $19.5 billion that year. TRADE WITH TL INCREASES In the following years, the increase in foreign trade with the Turkish Lira continued. In this context, exports reached $7.5 billion, imports $13.3 billion in 2021. Consequently, the foreign trade volume in that year amounted to $20.8 billion. In 2022, exports with the Turkish Lira reached $7.7 billion, while the import amount rose to $15.9 billion. Thus, the foreign trade volume with the Turkish Lira reached $23.6 billion. The increase in trade accelerated last year. In 2023, $9.4 billion in exports and $25.3 billion in imports were realized with the Turkish lira. The total trade volume also reached $34.7 billion. Over a 5-year period, exports increased by 23.7%, while imports increased by 127.9%. TRADE WITH 46 DIFFERENT CURRENCIES In the first 9 months of this year, exports with the Turkish lira amounted to $6.9 billion, while $17.9 billion worth of products were imported. Thus, the total trade volume in this category reached $24.8 billion in 9 months. Turkey places special importance on trade in mutual currencies in addition to the Turkish lira. In 2019, 26 different currencies were used in exports, while this number increased to 46 last year. While trade was mostly conducted with the dollar and euro last year, trade with the Turkish lira came in third. This was followed by the British pound, Polish zloty, Russian ruble, and Japanese yen.