According to the TİM Export Market Monitor, Demand Conditions Remained Stable in February

Mustafa Gültepe, Chairman of the Türkiye Exporters Assembly (TİM), stated, "We expect an improvement in demand conditions for the entirety of 2024. However, we are facing a more difficult scenario in terms of risks."

The Türkiye Exporters Assembly (TİM) continues to monitor the conditions that create demand and risks in important markets through the Export Market Monitor (İPM). According to the second issue of İPM, a decrease was recorded in the Export Demand Index and Market Resilience Index in February.

In his statement, TİM Chairman Mustafa Gültepe emphasized the need to monitor developments in markets in real-time to reach the $375 billion 2028 export target, which is the driving force of the Turkish economy.

Gültepe, noting that the recently published TİM-İPM allows them to easily monitor demand conditions and the political-economic risk environment in markets, said:

"TİM-İPM includes the Export Demand Index and Market Resilience Index. With the Export Demand Index, we can see both the general state of demand in our markets and the specific situation by sector and country. With the Market Resilience Index, we track the overall situation of risks in our markets, as well as the trend by sector and country. The great interest shown by our exporters in the first edition of the İPM indicates that we have filled an important gap. In February, the Export Demand Index within the İPM was 100.1 points, a decrease of 0.9% compared to January. Therefore, we can say that demand conditions remained stable in February despite a 0.9-point decrease. The TiM Market Resilience Index fell to 99.4 points, remaining below the reference value. We attribute this result to delays in expansionary monetary policy measures and the inability to suppress inflation. We expect an improvement in demand conditions for the entirety of 2024. However, we are facing a more difficult scenario in terms of risks."