August 2016 Export Figures Revealed

Turkish Exporters' Assembly (TİM), revealed August 2016 export figures with a press conference in Giresun. According to TİM figures, national export has recorded a 28-months high increase in terms of monthly export value compared to the last years' same period.


According to TİM data, monthly exports increased by 6,9 percent in August, becoming 11 billion 157 million U.S. dollars. Commenting on the data, Mr. Büyükekşi, the president of Turkish Exporters Assembly, said “we are proud to see that our exports are increasing despite everything”


Looking at the 8-month data, Turkey's exports were recorded as 92,7 billion U.S. dollars with a drop by 3,1 percent. On July, 2016 exports figure for the first 7 months has experienced a decrease of 4,9 percent.


On the other hand, quantity based exports in the first 8 months increased by 7,8 percent. For August only, quantitative increase is as high as 29,8 percent compared to 2015 August.


Top performing industry was automotive with 1.7 billion U.S. dollars in exports. Automotive was followed by garments and apparels, with an export figure of 1.6 billion U.S. dollars.


In July, Turkey increased their exports to 130 countries. Some significant increases were to USA with 19,6 percent, Germany with 17,4 percent and France with 8,3 percent.