WE STARTED 2018 WITH A DOUBLE-DIGIT EXPORTS INCREASE

According to Turkey Exporters Assembly (TİM) data, Turkey's exports in January rose by 16.3 percent compared to the same month of the previous year and reached to 12 billion 198 million dollars. Thus January 2018 was the best third January of all times with regard to export volume. TIM Chairman Büyükekşi said "Turkey's 12 months of exports have exceeded 158 billion dollars. We will overcome the $ 160 billion limit in 1-2 months, and we will surpass $ 170 billion at the end of the year."

Noting that they have developed a system called 'Export Information Platform' under the auspices of the Presidency, Büyükekşi said, "With just a one click, we will be able to see which countries Turkey exports to. It is a system that responds to many questions such as which countries have import potentials, which markets are more suitable for us, how to get to the right company in the market, customs taxes and logistics costs, how our Government gives supports and so on."

TİM Chairman Mehmet Büyükekşi, announced the export data at a meeting held at Toyota's factory in Sakarya. Sakarya Governor İrfan Balkanlıoğlu, Chairman of the Automotive Industry Exporters Association (OİB) Orhan Sabuncu and Toyota General Manager Hiroshi Kato also attended the meeting.

Speaking at the meeting TİM Chairman Büyükekşi, "As promised, we started with a double digit increase in the Year of Records in Exports. Our exports for the last 12 months also increased by 10.1 percent compared to the previous year and realized 158 billion dollars" said.

TİM Chairman Büyükekşi also mentioned about the ongoing “Olive Branch” operation in Afrin/Syria and emphasized “We all believe that a sustainable progress in this operations also depends on the strong economic conditions. As the exporters in Turkey, we support our economy and increase our treasury reserve. Therefore we must believe that the new records in exports is the best way to support our national Army in this operation. A dollar earned from our exports is as affective as a bullet during the war on terror.”

Evaluating the effect of euro/dollar parity changes to the export, Büyükekşi stated "In January, the increase in the euro dollar parity affected our export positively with the magnitude of $842 million. We expect parity to be at 1.20 levels throughout the year and therefore, the increase in parity will affect our export positively in the following months as well".

In January, exports of the largest exporting sector, automotive, realized 2.27 billion dollars, with an increase of 10.8 percent. Automotive is followed by Apparel ($ 1.43 billion) and Chemicals ($ 1.35 billion). Olive and Olive Oil with a 153 percent increase, Leather and Leather Products with an increase of 42.3 percent and Machinery and Accessories with an increase of 32 percent were the sectors with the highest increase in exports in January.

Looking at the export markets, exports to 161 countries and regions rose in January. From the top 5 exported countries; Turkey's exports to Germany rose by 18, to UK by 11.4 percent, to Italy by 17 percent, to US by 20.4 percent and to Spain by 30.9 percent. The highest increase among the top 20 export countries was captured in Greece with 79.9. On the other hand, exports to the EU increased by 22.6 percent. Thus, the share of the EU in exports in January increased to 52.6.

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