Export Record In August, Also 207 Billion Dollars Exceeded In Last 12 Months

TİM CHAIRMAN GÜLLE: WE ARE NOW IN A NEW LEAGUE IN EXPORT

The Turkish Exporters Assembly (TİM) announced the August export figures. Türkiye's August export reached 18 billion 912 million dollars an increase of 51.8 percent compared to the same month last year. This figure was also the highest August export in the history of the Republic. In the first eight months of the year the Turkish exporter, making export of 140 billion 237 million dollars with an increase of 37 percent, achieved significant success by exceeding its annual target with export of 207 billion 469 million dollars in the last 12 months.

In August compared to the same month last year; While 25 sectors increased their export, the automotive ranked first with $2.4 billion in export. The most notable increase was in the Steel sector, which increased its export by $1.4 billion. The sector that increased the export value per kilogram the most was the Ship and Yacht Sector with an increase of 86 percent. The export family, which flew the Turkish flag in 218 countries and regions, succeeded in increasing export to 180 countries; It set monthly export records in 20 countries, including Spain, Belgium, and Israel. While 74 provinces increased their export, Kocaeli, Hatay, Adana, Kütahya, and Kırşehir reached the highest monthly export figures in their history. Last month, 1455 companies exported for the first time. In August, a total of 5.35 billion TL worth of Turkish Lira was exported to 180 countries.

TİM Chairman İsmail Gülle said, "Our export performance in August is an important sign for the 'Revival Period' pointed out by our President, it is a testament to our determination towards 'Türkiye Rising with Export'; It is a confirmation that we have risen to a new league in export and entered a new era. Our goal is to reach $300 billion in five years at most. In 10 of the last 12 months, our export family has broken the historical records of the Republic. In the first 8 months of the year, the ratio of export to import increased from 75.6 percent in 2020 to 82.5 percent in 2021."

Despite the harsh conditions of the pandemic that has shaken the world economies deeply, the Turkish export family, which started 2021 with a record by showing its ability and supplier power to produce in all conditions, raises its bar even higher every month. The Turkish exporter, the field workers of Türkiye's economy and trade diplomacy, broke records all-time in the first half of this year and the second quarter and made history with $201 billion 46 million in July and the last 12 months. The Record-breaking Turkish exporter also exported the highest August in its history last month. In addition, 207 billion 469 million dollars' worth of export were signed the last 12 months with August.

The Turkish Exporters Assembly (TİM), the only umbrella organization of 100 thousand exporters with 27 sectors and 61 Exporters' Unions, announced the foreign trade data for August with the participation of Trade Minister Mehmet Muş at a meeting in Ankara. According to the General Trading System (GTS); Export reached an all-time August record of $18 billion 912 million in August, an increase of 51.8 percent compared to the same month of the previous year.

“Export has made the biggest contribution to growth in the last 23 years”

Before mentioning the export figures, TİM Chairman İsmail Gülle, who evaluated the growth of the Turkish economy in the second quarter of this year, said, “We had been one of the two countries that closed 2020 with growth. After growing by 7 percent in the first quarter of 2021, we made a difference with the growth performance of 21.7 percent in the second quarter of the year. This performance was the strongest momentum we have had since 1998. At the same time, we have become the second-largest growing country among OECD countries. Net export contributed to the growth of 6.9% in the second quarter; It was 3.9 points in the six months. The contribution of export to growth was 10.8 points in the first half of the year. So, half the growth came from export. Thus, export made the biggest contribution to growth in the last 23 years. We always say, 'Türkiye will rise with export'. These growth figures, which come with the export of goods and services, show that; we are growing with export, we are rising with export. Thanks to the strong momentum in our export, we have gone beyond even the V-type recovery. We are now far, far beyond pre-pandemic times. As an export family, we are proud of our contribution to our country's economy.”

“We have achieved the sustainable increase in export”

Emphasizing that they reached a figure well above the annual target with export of 207 billion 469 million dollars in the last 12 months, Gülle said, “In August, our export was 18 billion 912 million dollars, an increase of 52 percent compared to the same month last year. It is the highest August export in our history. In the first eight months of the year, our export increased by 37 percent to 140 billion 237 million dollars. What I want to underline here is that our export family has broken the records in the history of the Republic in 10 of the last 12 months and the increase in the ratio of export to import!

In the first 8 months of the year, the ratio of export to import increased from 75.6 percent in 2020 to 82.5 percent in 2021. It is a clear indication that we have achieved a sustainable increase in export and are one step closer to our goal of 'Türkiye Giving a Foreign Trade Surplus'. We would like to express our gratitude to each of our 100 thousand exporters who made this success possible, to our Minister of Commerce, who has always supported us, and to our President, who considers our exporters' companions."

“Our goal is to reach $300 billion in five years”

Noting that they performed historically in August after the first seven months they closed with records in export, Gülle continued: “Last month, our export, which we moved to 200 billion dollars after 14 years, continued to be stable this month and re-registered our year-end targets. Our export performance in August is an important mark for the "Revival Period" pointed out by our President. It is a registration of our determination on the road to Türkiye rising with export. It is confirmation that we have risen to a new league in export, that we have entered a new era. Our goal is to reach $300 billion in five years at most. As an export family, we will continue to fly our flag and add value to our country in all corners of the world, regardless of the conditions.”

“No stopping until we reach Türkiye with Foreign Trade Surplus!”

Congratulating each of the 100 thousand exporters, who are the dynamo of the country's growth figures, and who have set a record in 10 of the last 12 months, İsmail Gülle said, “The point of our export exceeding the scale of 200 billion dollars shows that we are now strategically in a new league. We are aware of the responsibilities imposed on us by the new era in export. For this reason, I would like to express that as the export family, we are working collectively to set up our export according to this new league that we have entered. We believe that as we move towards the 100th anniversary of the founding of our Republic, the path of our export and economy is bright. Our goal was to set a record for export. We achieved this goal with our President, Minister of Commerce, and export family. Also, we had another target too. Maximizing the share of export in growth figures! Thanks to God, we have achieved this goal. But at the beginning of the road, we always had a bigger goal, a dream; Türkiye With a Foreign Trade Surplus! Now it is time to make that dream come true. We will continue to work tirelessly and add value to our country until we reach Türkiye, which has a foreign trade surplus.”

25 sectors increased their export, Automotive ranked first

Giving information about sector performances in August, Gülle noted: “Compared to the same month of the previous year, we see that 25 of our sectors have increased their export. Last month, our automotive sector, which exported $2.4 billion, ranked first with an increase of 57 percent. Our Steel sector came in second place with an increase of 165 percent to $2.3 billion, and the Chemicals sector, which exceeded $2 billion, came in third with an increase of 49 percent. The most notable increases in sectoral terms were in Steel, which increased its export by $1.4 billion compared to the same month last year, the Automotive sector with an increase of $876 million, and Chemical Substances, which increased by $674 million.”

“We flew the Turkish flag in 218 countries and regions”

“In August, our export family flew the Turkish flag in 218 countries and regions. We have succeeded in increasing our export to 180 countries. We have set a monthly export record in 20 countries, including Spain, Israel, Belgium, Brazil, Slovenia, and Morocco. The top 3 countries, where our exporters export the most this month, became Germany with $1.6 billion (up 30.3%), the United States with $1.3 billion (up 77.4%), and the United Kingdom (up 21%) with $1.2 billion. The countries, where we increase our export the most in terms of amount, became the United States with an increase of $572 million, Germany with an increase of $366 million, and Italy with an increase of $314 million. Our export to our largest market, the European Union (EU-27), increased by 51 percent to a volume of $7.8 billion and took a 41 percent share. When we gathered other European countries other than the EU, the European Continent's share of our August export increased to 55%.”

“Our competitiveness in export has increased even more”

“With the increase in freight prices, our competitiveness in export has increased even more.  Today, shipping prices from the Far East to Europe reached $14,000, while a shipment of the same size from Türkiye to Europe costs $3,000. The same situation is seen on the Far East-US line. It is possible to increase our market share in both Europe and America, making our gains in this process permanent. Last month, we exported $3.1 billion (up 34%) to Near and Middle Eastern countries, $1.9 billion (79% increase) to the entire African continent, $1.5 billion (81% increase) to North America, and $1.4 billion (56% increase) to Far Eastern countries.”

74 provinces increased their export

TİM Chairman Gülle said that last month 74 provinces increased their export. He said that Kocaeli, Hatay, Adana, Kütahya, and Kırsehir have signed the highest monthly export in their history. Gülle, “Congratulations to all our provinces for this successful performance. The top 3 provinces, that exported the most this month, respectively became İstanbul with 7.5 billion dollars (up 47%), Kocaeli with 1.7 billion dollars (up 114%), and Bursa with 1.2 billion dollars (up 42%). While these cities achieved the most remarkable increases, these cities were followed by İzmir (47% increase), which increased by $355 million, and Gaziantep (up 44%), which increased by $263 million." he said.

Export to 180 countries in Turkish Lira

According to the declarations filed in Turkish Lira, export was made a total amount of 5.3 billion Turkish Liras to 180 countries. In August, export with the Turkish Lira increased by 61 percent. 7,084 companies preferred the Turkish Lira in export transactions.

The number of companies exporting for the first time in 8 months approached 81 thousand

The intense interest in export was reflected in the number of exporters in August. 1,455 companies exported for the first-time last month, contributing $82.2 million to our economy. Since New Year's Day, the number of companies participating in our export family has approached 81 thousand.

The impact of the fall in euro/dollar parity on export in August was $72 million in negative directions. However, looking at the overall year, there was a positive impact of $3.9 billion.

Sectors that increase unit export value the most

In August, export by quantity base increased by 30 percent compared to the same month last year, reaching 15 million tons. In the first 8 months, 114 million tons of export were realized, an increase of 19 percent. However, positive momentum in the export unit price is notable. The unit export value increased by 16.7 percent to $1.25 compared to the same period last year. The sectors, that increased their unit export value the most in August, became the Ship and Yacht sector with 86 percent, Steel sector with 64 percent, Defense and Aviation sector with 39 percent, Chemical Substances with 30 percent, and Aquaculture with a 25 percent increase

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