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ANKARA, Sept 26 (Reuters) - Turkey’s total imports are expected to reach $160 billion this year, Trade Minister Kursad Tuzmen said on Wednesday.
He also said the country’s imports of natural gas and crude oil would total $35 billion this year. Turkey is dependent on gas and oil imports to meet rising energy demand in the country, which has grown sharply in the wake of a 2001 financial crisis.
Last year, gas and oil imports amounted to $28.55 billion.
“We expect that imports will reach $160 billion this year. Exports this year are expected to be $100 billion,” Tuzmen said in a speech.
At the start of the year the government set a target of $149.7 billion in imports and $95 billion in exports.
Last year the country’s total imports amounted to $137 billion, racing ahead of exports which totalled $85 billion.
Tuzmen also said Turkey targeted exports of $200 billion in 2013, amounting to a total trade volume of at least $450 billion.