Exports increased by 31.2 percent to $ 11.4 billion in July

Turkish Exporters Assembly (TIM) announced July 2017 export figures at Vestel City in Manisa, which was placed 6th in the TIM 1000 research, with the attendance of Economy Minister Nihat Zeybekci.

According to the Chairman of TIM Mehmet Büyükekşi, Turkey's exports in July were 11 billion 474 million dollars with an increase of 31.2 percent compared to the same period of last year. Exports in the first seven months was 88 billion 926 million dollars with an increase of 10.7 percent compared to the same period of last year while exports in the last 12 months amounted to 150 billion 22 million dollars with an increase of 7.5 percent compared to the previous year.

Mehmet Büyükekşi said, “According to TURKSTAT, this is the highest rate since the 31.9 percent increase we had in August of 2011. In other words, the best of the last 6 years, the second best performance of the last 8 years.”

Büyükekşi also expressed that they are happy that Minister of Economy Nihat Zeybekci continued to be “the captain of the export ship” in the new cabinet. The Chairman also added, “Because being a leader who knows the exporters at the head of our foreign trade makes a great contribution to the development of our exports.”

In July, the best performing sector was automotive with an increase of 41.1 percent compared to the same month the previous year. Automotive sector was followed by apparel sector with 1 billion 483 million dollars and chemical materials sector with 1 billion 190 million dollars.

In export markets, exports to 173 countries and regions increased while exports to 54 countries and regions decreased.

Büyükekşi said, “Germany has been in the top of our exports for many years. This month, our exports to Germany increased by 28.2 percent, securing Germany's place. We are glad that the environment of temporary crisis we recently experienced has not affected our trade.”

The highest increase in exports among the top 20 countries with the highest export value was in Russia with 95.7 percent. Exports to the EU rose 29.1 percent in July compared to the same period last year. The EU's share in total exports was 51.1 percent.

According to TIM data, exports in July increased by 17.7 percent on quantity basis and increased by 12.8 percent in the first seven months.

By provinces, while 71 cities increased their exports in July, 9 cities' exports dropped. All of the top 10 exporting provinces have increased their exports. Sakarya scored the highest increase in exports with 175 percent. Büyükekşi also spoke about Manisa and Vestel City in his speech, Manisa was the 9th largest exporter with 1.84 billion dollars last year. As one of the leading exporters in Turkey, Vestel is also always among the top 10 exporting companies.