Turkey’s exports exceeded $14 bln in July: Association

Turkey’s exports exceeded $14 bln in July: Association

Turkey’s exports exceeded $14 bln in July: Association

Turkey’s exports in July showed an annual hike of 11.8 percent, the Turkish Exporters’ Assembly (TİM) announced on Aug. 1.

Last month, the country’s exports totaled $14.1 billion — the highest figure ever for the month of July.

Speaking at a press conference at Turkey’s Trade Ministry, TİM head İsmail Gülle said Turkey’s exports from January to July totaled $96.3 billion.

He said that the seven-month exports showed a 7 percent yearly increase, while the 12-month overall exports rose 8.1 percent on a yearly basis, reaching $163.3 billion.

According to the statistical authority, Turkey’s exports hit an all-time high of $157.6 billion in 2014. Last year they amounted to nearly $157 billion.

“Breaking down by exports country group, the EU became our top market last month, as usual,” Gülle said, as quoted by state-run Anadolu Agency.

“Exports to the EU rose 15 percent in July to $6.9 billion,” he added.

“The share of EU countries in our exports was 48.7 percent,” he said. 

Gülle also noted that Turkish products were exported to 223 countries last month, and exports to 170 of these markets went up.

“Hopefully, we will break a new record in exports by exceeding $170 billion by the end of this year,” he added.

TİM figures showed the automotive industry was the leading sector with exports worth $2.76 billion in July, followed by ready-made garments and apparel with some $1.6 billion and chemical products with nearly $1.5 billion.

Defense and aerospace industry exports rose 77 percent year-on-year in July, showing the best performance among all sectors.

This January to July, the top export market for Turkish products was Germany with $9.36 billion, accounting for 9.98 percent of total exports this year.

Germany was followed by the U.K. ($6.18 billion), Italy ($5.71 billion), the U.S. ($4.64 billion), and Spain with around $4.5 billion.

Of the 12-month overall exports, TİM members’ exports amounted to some $22.4 billion in agriculture, around $131 billion in industry, and nearly $4.7 billion in mining.

Turkish Exporters' Association, Turkish economy,