Gülle: Half of the Growth Came from Export

Commenting on the growth figures of the Turkish economy in the second quarter of the year, İsmail Gülle, chairman of the Turkish Exporters Assembly (TİM), said, "After growing by 7 percent in the first quarter of the year, we grew by 21.7 percent in the second quarter. It was the highest growth figure we reached in the 2000s. The contribution of export to growth was 10.8 points in the first half of the year. So, half the growth came from exports. These figures strengthened our belief that Türkiye will rise with export."

Emphasizing that Türkiye is one of the two countries that closed 2020 with growth, TİM Chairman İsmail Gülle said, "After growing by 7 percent in the first quarter of the year, we grew by 21.7 percent in the second quarter. It was the highest growth figure we reached in the 2000s. Türkiye became the second-highest growing country in the OECD in the second quarter. In the months when the effect of the pandemic was felt deeply, our economy and exports have been affected. In those days, we expressed our belief that the difficult times would pass and that we would enter into a rapid recovery. We are proud to see these figures today. The contribution of export to growth was 10.8 points in the first half of the year. So, half the growth came from export. In the sub-items of the growth figures, the Service sector grew by 45.8 percent, and the Industrial sector grew by 40.5 percent. These figures strengthened our belief that Türkiye will rise with exports."

We are taking firm steps towards our goal of "Türkiye Giving a Foreign Trade Surplus"

Noting that the ratio of export to import increased from 75.9 percent in 2020 to 83.2 percent in the same period of 2021, TİM Chairman İsmail Gülle said: "We see that the contribution of net export to growth in the second quarter was 6.9 points and the contribution of net export to growth in the first half of the year was 3.9 points. These figures are developments that show that we are moving forward with certain steps towards our goal of "Türkiye Giving a Foreign Trade Surplus". These developments indicate that our predictions, which we refer to as V-type recovery in the first period of the pandemic, have been realized or even exceeded. We are way, way above pre-pandemic times. It should be underlined that beyond these positive effects, Turkey has been able to turn the pandemic crisis into an opportunity by making good use of the deficits in global markets."

"Strong rise in export continues"

Stating that the strong increase in export continued in the summer months and that they anticipated that this pace would continue until the end of the year, Gülle said, "We expect to see strong growth figures both in the third quarter and at the end of the year with the predictions that the service sector will make a stronger contribution in the third quarter, and that education, human health, and social services activities and financial and insurance activities will rise by September. We are grateful to all our business-people who have grown the Turkish economy with their production, services, and exports. Türkiye's economy will continue to grow and rise, led by exports. We must carry these gains into the future in a sustainable way by decorating them with value-added exports. No one doubts that we will make the most of our opportunities.  As we move towards the 100th anniversary of our establishment, our export and our economy are bright."

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