Export reaches 10 billion 794 million dollars in May

According to TIM data exports rose in May after February and March.

Exports reached 10 billion 794 million dollars in May.

Turkish Exporters Assembly (TIM) announced the export data for the month of May. According to this, exports in May increased 0.1 percent compared to the same period of the previous year and became 10 billion 794 million dollars.

In May, automotive sector made exports worth 1 billion 983 million dollars with an increase of 34 percent, it was followed by ready-made clothing and chemical articles and products sectors.

TIM Chairman Mehmet Büyükekşi, who evaluated the export data in Kenya and Uganda visits with President  Recep Tayyip Erdoğan, said “Our exports had increased in February and March in 2016 but declined in April; in May we made it stand upright again and we started to increase”.

Büyükekşi said “We are opening up Africa under the leadership of our President. Our increasing exports to this region show that these visits are correct steps to take. We are in Africa today just for that reason”.

Turkish Exporters Assembly (TIM) announced the export data for the month of May. According to this, exports in May increased 0.1 percent compared to the same period of the previous year and became 10 billion 794 million dollars. Thus, in the first 5 months of the year total exports declined 6.5 percent compared to the same period of 2015 and became 57 billion 475 million dollars. In the last 12-month period exports declined 7.9 percent to 139 billion 835 million dollars. On kilogram basis, exports kept up its increase with 5.3 percent and achieved a growth of 5.3 percent in this area.

Automotive industry carries the exports again

The automotive industry achieved the highest rate of increase in exports with 34 percent among the industrial sectors in the month of May and made exports worth 1 billion 983 million dollars. In the agricultural sector in the same period, tobacco sector achieved the highest rate of increase in exports with 46 percent for a total of 77,9 million dollars. On the other hand, on quantity basis, there was an increase of exports in 18 sectors and decline in 9 sectors.

Sale to EU and North America

On sectoral basis, automotive industry, which achieved the highest amount of exports in May, was followed by ready-made clothing and garment sector with an increase of 6.2 percent and 1 billion 426 million dollars and chemical articles and products with a decline of 17.7 percent and 1 billion 134 million dollars. Examining the export in the same period on regional basis, it is seen that exports to EU countries increased 13.3 percent and to North America 26.1 percent. On the other hand, exports to Middle East declined 5.7 percent and to Commonwealth of Independent States 28.1 percent.

Exports to Poland increased significantly

Among the top 5 countries of largest exports, exports increased to Germany 10.8 percent, England 0.9 percent, Italy 22.1 percent, USA 25.4 percent, exports to Iraq declined 15.1 percent. The highest rate of increase among the top 20 countries to which Turkey exports the most was 35.5 to Poland. The other prominent countries in the increase of exports were Israel with 33.4 percent and Bulgaria with 33.1 percent.

Highest increase on province basis is from Bursa

When the data is examined on provincial basis, it is seen that exports of 43 provinces increased in May. In 6 of the top 10 exporter provinces exports increased; exports declined in Istanbul, Ankara, Gaziantep and Kocaeli. The highest rate of increase among the top 10 provinces was in Bursa with 46 percent.

“We are taking the right steps for new markets”

TIM Chairman Mehmet Büyükekşi, who participated the Uganda and Kenya visit with President Recep Tayyip Erdoğan, emphasized the importance of the fact that May export data started to increase after February and March. Büyükekşi said “Increasing of exports again in May is a source of motivation for exporters. Increase in our exports in a period when the stagnation prevails in the global trade despite the price pressure in the world in general and despite the problematic countries around us shows that these visits that we are making today for new markets are the correct steps to take. We are in Africa today just for that reason”.

“We continue to open to Africa”

Büyükekşi said “In 2016  we visited 8 countries with our President until today. We, as exporters, described the potential of our country in these visits and we also re-discovered the visited countries” and reminded the West Africa visit  last March covering Ivory Coast, Nigeria, Ghana and Guinea. Büyükekşi pointed out that very important contact were made in these visits for increasing the exports to Africa and continued as follows:

“Now we are at the east coast of Africa. We will have very important discussions in Kenya and Uganda, which are among the largest economies of East Africa, under the leadership of our President. Turkey attaches great importance to Africa in recent years. We are making great efforts to deepen our friendship with all countries in the continent of Africa and to improve our trade and investment relations, also. Africa has a great potential with its young population and raw material resources it has. In the last 10 years African countries grew 5.5 percent on average; they are estimated to grow at high rates in the future, also. In the last 10 years, our exports to Africa increased 2.5 times to reach 12.5 billion dollars. We believe that our exports to African countries, which have great potential, will go up much higher with our efforts in the future years”. 

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