TİM Will Follow Demand and Risks in Global Economy Through Export Market Monitor (İPM)

Mustafa Gültepe, Chairman of TİM, stated that the Export Market Monitor (İPM), a first in Türkiye, includes two indices. He mentioned that with the Export Demand Index, they will be able to foresee demand in markets, and with the Market Resilience Index, they will anticipate risks.

The Türkiye Exporters Assembly (TİM) will now track the conditions creating demand and risks in key markets through the Export Market Monitor. According to the first issue of the İPM, the Export Demand Index rose by one percent to 101 points in January.  

Mustafa Gültepe emphasized the significant role the Export Market Monitor, initiated by TİM, will play in determining the course of Türkiye's economy, which is driven by exports. He stated that they started the second century of the Republic with the goal of placing Türkiye among the top 10 countries in exports and designed their strategies accordingly. He continued:

“With our 27 sectors, 61 unions and nearly 150,000 exporters, there is no country or region in the world where we do not have a presence. We turn global sectoral fairs, trade and procurement delegations into opportunities to promote Türkiye's production capacity and the quality of our products. In addition to all these efforts, we need to take into account all developments in our markets.

TİM-İPM IS THE FIRST AND ONLY INDEX IN ITS FIELD

With the first issue of TİM-İPM, we will now be able to easily track demand conditions and the political-economic risk context in our markets. TİM-İPM is the first and only index in Türkiye that measures demand and risk conditions on a sectoral basis. We will share the TİM-İPM, which will be published monthly, with the public, including the Export Demand Index and the Market Resilience Index. With the Export Demand Index, we will be able to see both the general situation of demand in our markets and the specific situation by sector and country.

The Market Resilience Index will allow us to track the overall state of risk in our markets, as well as progress on a sector and country basis. Looking at the January figures, the Export Demand Index increased by 1% compared to the previous month, but decreased by 0.4% compared to the same month of the previous year, reaching 101. This figure indicates that demand conditions in our export markets continue to improve. The Market Resilience Index, on the other hand, increased by 0.6% in January compared to the previous month, but decreased by 0.7% compared to the same month of the previous year, reaching 99.7. In light of this data, we can say that the risk conditions in our markets are also showing signs of improvement.”

Mustafa Gültepe added that thanks to the two indices within TİM-İPM, export companies will have the opportunity to better understand and position themselves in advance regarding market risks and demands.

NOTE: As of February 2024, TİM Export Market Monitor will be published on the last Monday of each month. The report will be released in Turkish.

You can access the TİM Export Market Monitor here.