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Turkey’s exports rose 12 percent in August

According to the Turkish Exporters Assembly (TEA) data, Turkey’s exports in August were 12 billion 439 million dollars, an increase of 11.9% compared to the same month of the previous year. Since the beginning of the year, exports have increased by 10.7% to $ 102.5 billion, while exports for the last 12 months have increased by 7.8% to $ 151.8 billion.

TIM Chairman Mehmet Büyükekşi, since November of 2016, indicated that they announced an increase in exports, “We have closed the month of August with an increase. We expect our exports to increase to reach our target of 155 billion dollars in the remaining 4 months of the year. “Büyükekşi stated that not only export but also all macroeconomic indicators are improving.” As President Sayin stated, all the indicators in the field of economy point to a rise and development. There is no reason not to go forward,” he said.

“As in previous months, the biggest export destination was Germany in August,” Büyükekşi stated. “We exported 1 billion 310 million dollars to Germany in August,” he said. “Thus, we made more than 10 percent of our exports to Germany in August. We had an 11.3% increase compared to the previous year. It is very gratifying that the problems experienced in the political scene in August have not affected our exports. ”

Germany, followed by Iraq, the United Kingdom, the United States and Spain, TIM Chairman said “Spain was 5th in August, leaving Italy behind in the top 5 in the previous month. In this, the 55% increase in the importation to Spain has a great effect. Turkish products are being used in the capitals of fashion, and the fashion giants continue to trust us.”

Büyükekşi stated that 5.9 billion dollars worth of exportation was made to the EU countries in August. “The share of the EU in our exports is 47%. In August, exports to the EU market increased by 12 percent. While the automotive and ready-to-wear sectors continued to export intensively to the EU market, the ship and yacht sector and the olive and olive oil sectors grew more than 100 percent. Despite the political developments that are taking place, our export to the EU market continues at full speed,” he said.

In August, exports by quantity increased by 11 percent however, exports increased by 12.8 percent in terms of quality in the first 8 months, TİM Chairman said, “We can proudly say that in August, exports on a value basis increased more than exports on a quantity basis. In other words, we could export fewer quantities at a higher price. The effects of R&D, Innovation, Branding and Drafting are felt more highly in our exports with each day. Our exporters, who display more innovative, original products in foreign markets, have a higher market share in target countries.”

TIM Chairman stated that exports have increased in 16 of the top 20 countries exported in August. “The highest increases are 58.9% in Russia, 43.1% in China and 35.1% in UAE. Russia’s Fresh Vegetables and Fruits, China’s Mining Products, and UAE’s Chemical Goods were effective at these rates. ”

The leader of exports in August was automotive with 1.8 billion dollars. Exports of this sector increased by 9.4 percent in August. The automotive sector was followed by ready-to-wear clothing with $ 1.7 billion and chemical items with $ 1.5 billion. In August, the ship and yacht sector attained the highest increase in exports by 179.4 percent in industrial products. Olive and olive oil sectors caught up with the increase in exports by 70.5 percent in agricultural products.

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