Exports continued to increase in June.
Exports totaled 11 billion 865 million dollar in June
According to Turkish Exporters Assembly (TIM) data, exports continued to increase in June after February, March and May. Exports in June increased 1.8 percent compared to the same period of the previous year and became 11 billion 865 million dollars.
On sectoral basis, automotive sector continues to be the leader, followed by ready-made clothing and chemical articles and products sectors.
TIM Chairman Mehmet Büyükekşi indicated that the increase in the exports in recent months despite the fluctuations in the global economy and politics is due to the fact that the exporters manage the processes well.
Büyükekşi commented on the consensus reached with Israel and relations with Russia going in a positive path again by saying “These developments make us happy for our country”.
According to Turkish Exporters Assembly (TIM) data, exports increased 1.8 percent in June compared to the same period of the previous year to reach 11 billion 865 million dollars. In the first 6 months of the year exports declines 3.8 percent relative to the same period of 2015 totaling 70 billion 654 million dollars; in the last 12 months decreased 6.6 percent to 141 billion 64 million dollars.
According to TIM data, automotive industry became the sector that made the highest amount of exports in the month of June with 2 billion 132 million dollars. Automotive industry, which increased its exports 8.2 percent compared to the same period of the previous year, was followed by ready-made clothing and garments sector with 1 billion 532 million dollars and chemical articles sector with 1 billion 323 million dollars. In the month of June the highest rate of increase in exports was achieved in the industrial products by steel sector with 9.5 percent increase and in agricultural products by water products and animal products sector with 42 percent growth.
Largest export market Germany
It was observed in exports markets that in sales to 134 countries increased and sales to 101 countries decreased. In the ranking of the countries to which highest amount of export was made, an increase of 8.6 percent to Germany, 22 percent to Italy and 18.5 percent to USA attracted attention. On the other hand, exports to England declined 4.4 percent and to Iraq 14.9 percent. Among the top 20 countries to which highest amount of export was made, high increase rates of 74 percent to Bulgaria, 35.5 percent to Poland and 22 percent to Italy attracted attention.
On the basis of country groups, exports to EU countries increased 8.6 percent compared to the same period of the previous year. While the North American region came forward with 14.6 percent growth, it is expected that the high rate of increase to these regions will continue to these regions in the nest period.
On the basis of provinces, there was increase in 43 provinces and decline in 36 provinces. Among the top 10 exporter provinces, those which increased their exports the most are Bursa with 11.7 percent, Denizli with 11.1 percent and Kayseri with 5.1 percent.
Condemnation to terror
TIM Chairman Mehmet Büyükekşi, who commented on exports data, started his words by condemning terror. Büyükekşi said “These ravenous terrorist have neither religious nor ethical nor humanitarian values. They have only one purpose. That purpose is to deal a blow to the stability and economy of our country, which shines like a star in its own geography. However, we will not allow this to happen. This struggle is the struggle of survival for our nation and our state. There is no good terror organization or bad terror organization. We condemn them all”.
Increase in exports continue on quantity basis
Büyükekşi drew attention to the fluctuations experienced in the exports, reminding the TUIK data covering the first 4 months of the year, said “We see that the export prices fell approximately 8 percent in the first 4 months. However, it is a pleasing development that our exports keep increasing continuously on quantity basis. In the first 6 months of this year, our exports increased 6.5 percent on quantity basis”.
Turkey is progressing towards its goals with sure steps
Büyükekşi indicated that the increase in the exports in the months of February, March and May despite the fluctuations in the global economy and politics is due to the fact that the exporters manage the processes well and reminded once again the requirement that products with high added value must be focused on in order to maintain this success. Büyükekşi pointed out that they have submitted the Exporters' Current Problems and Solution Recommendations and Economy Road Map to the President, Prime Minister and many related ministers of the 65th cabinet and said “It made us quite happy that the bag law sent to TBMM covers some of our recommendations that will pave the way for the investment and production in Turkey. We expect that in the next period our solution recommendations of 22 articles will be brought on the agenda in the Economic Coordination Council that will be held under the chair of the Prime Minister. Turkey is now a country that progresses towards its goals with sure steps”.
Exports to Israel will increase significantly
Büyükekşi mentioned the importance of the consensus reached between Turkey and Israel and said that they find it positive, as exporters, that the political crisis of more than 6 years have come to an end between the two countries. Büyükekşi noted that despite the political crisis, exports to Israel increased 77 percent since 2009 and they expect the increase to be much higher from now on.
On the other hand, TIM Chairman underlined the developments with Russia and said: “Of course we don't expect to compensate the losses related with Russia in a short while. I say this because majority of these losses were caused by the contraction in Russian economy. Therefore, their compensation will take time. However, we expect improvement in certain sectors soon, especially in fresh fruit and vegetable sector. We will see signals of softening in other areas in future days, also. These positive developments make us happy”.
Commenting on England's decision to leave the EU, Büyükekşi said it will generate political impacts, more than economic ones. He said “According to our research as TIM, we think that Brexit will have limited impact on our exports in the short term. We think that our export will be adversely affected in the short term due to the loss being experienced in Pound Sterling and Euro. However, this impact will not be of serious dimensions”. He added that in the long term the trade will be shaped by the free trade agreements to be signed and by how the process will proceed.Published on Thursday, August 25, 2016