Turkish exports increase 8.9 percent in September
In September, the automotive sector constituted the highest percentage of exports with $2.2 billion, up by 10.9 percent over the same month last year, TİM said.
The clothing and chemical sectors followed with $1.29 billion and $1.28 billion, respectively, TİM added.
Turkey’s top export destination was Germany with $1.2 billion worth of trade, with an 8.3 percent rise, followed by the U.K., the U.S., Italy and Iraq in September, TİM data showed.
The country’s exports to the U.S. increased by 36.5 percent, U.K. by 14 percent, Germany 8.3 percent, Iraq 2.2 percent and Italy 1.5 percent compared to September 2016.
Exports to Turkey’s main trading partner, the EU, showed a 10.2 percent yearly increase, the association said.
In September, Turkey’s exports were affected positively by the high level of the euro-dollar parity, Büyükekşi noted.
The average euro-dollar parity stood at 1.1915 in September, according to the European Central Bank.
“The positive effect of the parity was around $234 million over exports in the month,” he said.
The average dollar/lira rate was 3.5768 in the first nine months of 2017.