TİM Chairman Gülle: It is time to exceed $200 billion in exports
Turkish Exporters Assembly (TİM) announced the January export figures. In January, Türkiye's exports reached 15 billion 48 million dollars, an increase of 2.5 percent compared to the same month last year, despite the coronavirus pandemic, making it the highest January export figure in the history of the Republic. In January, 17 sectors increased their exports compared to the same month the previous year. Especially the sectors that performed the strongest were the Jewelry, Air Conditioning, and Age Fruit and Vegetable sectors. The Turkish exporter, who makes to wave the Turkish flag in 215 countries and regions in January, when exports to 6 of the 10 countries to which the most exports were made increased, exported the most to Germany with $ 1 billion 455 million. In January, when 52 provinces increased their exports, 1457 companies participated in exports for the first time. In January the automotive sector, which exported 2 billion 267 million dollars, maintained its leadership. According to the declarations opened with Turkish Lira in January, it was made the exports with Turkish Lira totaling 5 billion 215 million to 169 countries.
TİM Chairman İsmail Gülle said, “In the last quarter of 2020, we increased our exports to more than 50 billion dollars. This figure shows us that it is time to exceed the annual level of 200 billion dollars in exports. This year, I believe in my heart that our exporter will maintain this pace and even set new records in monthly exports. We have the power, infrastructure, and energy to reach much higher numbers than our annual export target of 184 billion dollars. We are already seeing the benefits of the restructuring process accelerated by the pandemic in the global supply chains. In each of our sectors, we observe that the demand for our exported goods is increasing and the Turkish brand is gaining strength.”
The Turkish exporter, who makes to wave the Turkish flag all over the world, started to 2021 with an export record despite the narrowing of demand in the global trade due to the coronavirus pandemic. Exporters who quickly adapted to unusual conditions and achieved V-type recovery in exports again achieved a historical success. The Turkish exporter, which exported 169 billion 514 million dollars last year by increasing to more than 165.9 billion dollars as part of “New Economy Program 2020 Export Target”, exceeded 15 billion dollars in January 2021 and signed the highest January exports in the history of the Republic.
Turkish Exporters Assembly (TİM), the only umbrella organization of 61 Exporters' Associations with 27 sectors and 100 thousand exporters, announced the temporary foreign trade data for January with the participation of Trade Minister Ruhsar Pekcan at a meeting in Ankara. According to the General Trading System (GTS), exports reached $15 billion 48 million in January, an increase of 2.5 percent from the same month the previous year.
“With additional support, we will set new records”
Evaluating the January export figures, TİM Chairman İsmail Gülle said, “We would like to thank our government, especially our President, for the decision to “Provide additional support in Target Countries and sectors in Support for Goods Exports”, which came into force within the last week. I believe that with this additional support, we will set new records in our value-added sectors while increasing our market share in target countries. We started in 2021 with hope with rapidly started vaccination studies all over the world. This month, however, there have been negative developments in our key export markets as global limitations increase in the fight against the epidemic. In this sense, our export performance in January is of special importance. On the other hand, with the new era in the United States, signals are growing that protectionism in global trade will decrease. In January, global industry PMI data exceeded expectations in industry and exports. In this sense, we believe that the upward trend in industrial production and the high trend in export orders will affect other months of the year.”
“We expect normalization of freight prices to begin”
Referring to freight prices, which have been on the agenda of the export family recently, Chairman Gülle said, “Delays in transportation and delivery, lack of adequate containers and rising freight prices are forcing global trade. As TİM, we closely monitor these troubling conditions and manage the risks. We expect normalization of freight prices to begin after the Chinese New Year holiday, which will start on February 11th. Another important aspect is climate change. Agricultural products are becoming increasingly critical as the hottest January on a global scale and drought in many geographies remind us of the importance of sustainability. In 2021, we will continue our efforts unabated for our exporters to adapt to sustainability conditions.”
“We started 2021 with high targets”
Noting that with the performance of the export family in 2020, 2021 started with high hopes and high goals, TİM Chairman Gülle said: “With the awareness that exports are the assurance of our country, we continue to walk with determination to our targets, maintaining the momentum we have gained in exports in recent months. So much so that in the last quarter of 2020, we increased our exports to more than 50 billion dollars. This figure shows us that it is time to exceed the annual level of 200 billion dollars in exports. As the workers of the export family in the field, we continue to work day and night to achieve this goal. We continue to carry out our activities on the digital platform regardless of the future of the pandemic and to bring our exporters together with buyers from all over the world. The steps taken today, the studies carried out to serve the structure of 'Türkiye, Rising with Exports'. On this path, as representatives of 100 thousand exporters, we will continue our work continuously.
“The increase in commodity prices will reflect positively on exports”
TİM Chairman İsmail Gülle emphasized that in addition to the recovery in the global economy, the increase in commodity prices also stands out as a factor to support exports in 2021, which they predict will positively affect the export unit value. Pointing out that regional cooperation has gained importance in global trade recently, Gülle continued: We believe that our country's move towards regional cooperation will contribute significantly to the change in global supply chains and the increase in its share of global trade. On the other hand, on the global economy side, 2020 has been a challenging year for all economies. As of 2021, the whole world is now talking about economic recovery. The IMF revised its relevant data because of the successful performance of our country's economy. Accordingly, the world economy is expected to grow by 5.5 percent and the Turkish economy by 6 percent in 2021. It is proud that our country, which has managed to be among the few countries expected to close 2020 with growth, stands out among developing countries with a serious growth rate in 2021. In January, the Metal Index reached its highest level in 8 years as demand for commodities increased on the London Metal Exchange. Copper prices saw over 8 thousand dollars per ton. In addition, with the serious movement in the global food trade, agriculture and food prices have seen their highest level in 6 years. In the last year, timber prices have increased by 104 percent, silver prices by 60 percent, and copper prices by 41 percent. Besides, the increase in oil prices reduces the costs of our exporter. With this positive weather, hopefully, a good year awaits us.
“Türkiye brand is getting stronger"
Underlining that they are already seeing the benefits of the restructuring process accelerated by the pandemic in global supply chains, İsmail Gülle said, “In January, our export was 15 billion 48 million dollars, an increase of 2.5 percent compared to the same month last year. In January 2020, we made a good start and set an export record for January. As we start 2021, we are proud to renew January's record. I believe in my heart that this year our exporter will maintain this pace and even set new records in monthly exports. We have the power, infrastructure, and energy to reach much higher numbers than our annual export target of 184 billion dollars. In each of our sectors, we observe that the demand for our exported goods is increasing and the Turkish brand is gaining strength. We are building “Türkiye rising with exports” together.”
1457 companies participated in exports for the first time in January
1,457 companies exported for the first time in January and sold 75 million 447 thousand worth of products last month. Also, in January, a total of 39,184 companies exported.
17 sectors increase exports
In January, 17 sectors increased their exports compared to the same month of the previous year.
While maintaining the leadership of the automotive sector, which exports 2 billion 267 million dollars in sectoral terms; Chemicals, which reached 1 billion 648 million dollars, was second and ready-to-wear sector, which reached 1 billion 523 million dollars, was third.
The jewelry industry is on the attack
The sectors that signed up for the strongest performance of January; Jewelry, which increases of 13 percent to 331 million dollars; air conditioning, which increases of 11 percent to 401 million dollars; It was the Fresh Fruit and Vegetable sectors that increase 9 percent to 279 million dollars.
Jewelry industry: It increased its exports to Switzerland increase of 282 percent to 71 million dollars. The sector increased its exports to the United States increase of 78 percent to 34 million dollars.
The Chemicals sector increased its exports to Lebanon increase of 101 percent to 92 million dollars in January; Exports to the United States increase by 78 percent to 34 million dollars.
The Electrical and Electronics sector increased its exports to China increase of 187 percent to 14 million dollars. Belgium's increase was 11 million dollars with an increase of 96 percent.
We make to wave the Turkish flag in 215 countries and regions
In January, the Turkish exporter managed to wave the flag of our country in 215 countries and regions. The top 5 countries where exporters export the most were Germany with 1 billion 455 million dollars, the United States with 933 million dollars, Italy with 864 million dollars, the United Kingdom with 814 million dollars, and France with 737 million dollars. In January, our exports increased to 6 of the 10 countries where we exported the most.
The share of the European continent in our January exports is 55.5 percent
Our exports to our largest market, the European Union (EU-27), increased by 0.4 percent to a volume of 6.5 billion dollars and took a 42.9 percent share.
When we gathered other European countries other than the EU, the Share of the European continent in our January exports was 55.5 percent.
In January, in other country groups, 2 billion 798 million dollars to Near and Middle Eastern countries; 1 billion 301 million dollars for the entire African continent; 1 billion 115 million dollars to Far Eastern countries; We exported 1 billion 11 million dollars to North America.
52 provinces increased their exports
In January, it increased the exports of 52 provinces. The top 5 exporting provinces are, respectively İstanbul with 5 billion 740 million dollars, Bursa with 1 billion 142 million dollars, Kocaeli with 1 billion 104 million dollars, İzmir with 794 million dollars and Gaziantep with 671 million dollars.
The most notable increases were in Kastamonu, which increased by 268 percent to 17 million dollars; Adıyaman, which exports 17.4 million dollars with a 170 percent increase; It was in Şırnak, which signed exports of 66 million dollars with an increase of 96 percent.
Interesting increase in Konya
In Konya, the Defense and Aviation sector increased its exports by 6 times to 29 million dollars, in Şırnak the Fresh Fruit and Vegetable sector increased its exports by 356 percent to 23 million dollars, and Ankara increased its ready-to-wear sector exports by 259 percent to 15 million dollars.
Exports increased on a quantity basis
In January, exports of Covid-19 products amounted to 34.8 million dollars, up 22 percent.
Exports by quantity increased by 0.3 percent compared to the same month last year to 12.9 million tons.
Parity reflected positively on exports
The recent increase in the euro/dollar parity reflected positively on exports. The positive impact of the increase in parity in January was 586 million dollars. The positive outlook for the euro/dollar parity is expected to continue in the coming months.
Exports with TL are increasing
According to the declarations opened in January with Turkish Lira, it was made exports to 169 countries were exported with Turkish Lira totaling TL 5 billion 215 million. 6,235 companies preferred Turkish Lira in export transactions. In recent months, the trend of increase in exports with TL has continued.