The First 5-month Export Record Of The Republic History is Broken

TİM CHAIRMAN GÜLLE: WE HAVE SURPASSED 193 BILLION DOLLARS IN THE LAST 12 MONTHS

Turkish Exporters Assembly (TİM) announced the export figures for May. In May, Türkiye's exports reached 16 billion 480 million dollars, an increase of 65.5 percent compared to the same month last year, despite the contraction of global demand caused by the pandemic. The export family, which closed April and the last five months with a record in a row, last month performed its second-highest May export of all time, even though the holiday and weekend holidays reduced the number of working days and the full closure measures. The exporter signed the highest first 5-month exports in the history of the Republic in January-May, exceeding 83 billion dollars, an increase of 38.3 percent compared to the same period last year. In May, 25 sectors increased their exports compared to the same month last year. While the increases in many sectors exceeded 100 percent, the steel sector made the highest monthly exports in its history with 1 billion 745 million dollars. In May, the Chemicals and Products sector also took the lead with exports of 2 billion 131 million dollars. In May, the family of exporters who managed to fly the Turkish flag in 214 countries and regions increased their exports to 175 countries. The Turkish exporter has shown that it is confidently moving towards its export target of 200 billion dollars, surpassing 193 billion dollars in the last 12 months. According to the declarations filed with Turkish Lira, a total of 4.75 billion Turkish Lira was exported to 179 countries.

TİM Chairman İsmail Gülle said, "With our May exports, we also realized the highest January-May exports in the history of the Republic. In the last 12 months exporting 193 billion 267 million dollars, we reached a level above 184 billion dollars that is our annual export target. Hopefully, we will reach 200 billion dollars together. The export family is at risk due to its direct contact with many parts of the world. In addition, the fact that our important markets have started to apply vaccine passports raises various problems in terms of access to the market. Our export family demands that our government be included among the priority groups in the vaccination program."

The Turkish exporter, which started this year with a record, shows its ability to produce in all conditions and supplier strength despite the harsh conditions of the pandemic. Turkish Exporters Assembly (TİM), the only umbrella organization of 100,000 exporters with 27 sectors and 61 Exporters' Associations, announced the temporary foreign trade data for May with the participation of Trade Minister Mehmet Muş at a meeting in Ankara.

Second highest May export despite falling number of business days

According to the General Trading System (GTS), exports reached 16 billion 480 million dollars in May, an increase of 65.5 percent compared to the same month of the previous year. The export family, which closed April and the last five months with a record in a row, last month performed its second-highest May export of all time, even though the holiday and weekend holidays reduced the number of working days and the full closure measures. Turkish exporter signed the highest first 5-month exports in the history of the Republic with 85 billion 220 million dollars in January-May of this year, an increase of 38.3 percent compared to the same period last year. In the last 12 months, the export family, which exported 193 billion 267 million dollars an increase of 16.6 percent compared to the previous period, has shown that it is confidently moving towards its export target of $200 billion, surpassing $193 billion 267 million dollars.

"It is important to vaccinate our exporter quickly"

Before mentioning the May export figures, TİM Chairman İsmail Gülle, who wished that the normalization period announced by President Recep Tayyip Erdoğan would be auspicious for Turkish and country exports, said, "Hopefully in June, with a quick vaccination campaign, normalization will accelerate. At this point, the export family is at risk due to its direct contact with many parts of the world. In addition, the fact that our important markets have started to apply vaccine passports raises various problems in terms of access to the market. Our export family requests from our government to be included in the priority groups in the vaccination program. Our green passport holder exporters must be vaccinated quickly in order not to have problems with their travels. I would like to express my gratitude to our government, especially our President, for their support to the export family during the pandemic period."

"Increases in exports was led to growth"

Stating that the growth figures released on Monday showed the strength of the Turkish economy, Gülle said, “In the first quarter of the year, the Turkish economy grew by 7 percent, outperforming expectations. To this growth, increases in exports and industrial production were led. Net exports contributed 1.1 percent to growth in the first quarter. In addition, according to the OECD's most recent Economic Outlook report, Türkiye is the second country that will return to the pre-pandemic period economically the fastest. Such positive data excites our exporters even more for the post-pandemic period. Our exporters continue to work, produce, and export, always aiming higher.”

“After April that we closed with a record in export, we also performed very successfully in May. As the export family, we carried out the second-highest May exports in May, despite the 17-day full closing period and the negative working day effect of the calendar. We closed the first four months of the year with a record in exports. Last month, we said that we would make 2021 the year of exports. This month, the export family continued their determined struggle in pursuit of their goals. At the same time, with our May export figure, we realized the highest January-May exports in the history of the Republic. Always to go further and to aim for better is a long tradition for this family.”

76 virtual trade delegations to 6 continents

Gülle pointed out that as field workers of trade diplomacy, they continued their work rapidly and as TİM and Exporters' Associations, they organized 76 virtual trade delegations and 11 virtual fairs in 6 continents, 61 countries. Gülle said that for exporters to easily reach the markets and fly the Turkish flag around the world, they will continue their trade diplomacy activities continuously.

Exports exceeded $85 billion in the first 5 months

Commenting on the May export figures, TİM Chairman İsmail Gülle said, "In May, our exports were 16 billion 480 million dollars, an increase of 65.5 percent compared to the same month last year. In the first 5 months of the year, our exports increased by 38.3 percent to 85 billion 220 million dollars. In the last 12 months, we have exported 193 billion 267 million dollars, reaching a level above 184 billion dollars that is our annual export target. Hopefully, we will reach much higher figures, 200 billion dollars, together."

25 sectors increased their exports; Steel industry rises to the lead

Regarding the performance of the sectors in May, Gülle said: "Compared to the same month of the previous year, we see that 25 sectors have increased their exports. Our steel sector achieved the highest monthly export performance in its history with exports of 1 billion 745 million dollars. This month, while our Chemical Substances and Products sector, which exported 2 billion 131 million dollars, rose to the leadership, our automotive sector, which reached 1 billion 882 million dollars, came second; our Steel sector, which reached 1 billion 745 million dollars, came third. The sectors, that achieved the strongest growth performance in May, Ship and Yacht sector, which reached an increase of 134 percent to $136 million; Steel, which reached an increase of 114 percent to $1 billion 745 million; and Jewelry sector, which reached an increase of 113 percent to $490 million, became.

 

Our exports increased to 175 countries

 

Emphasizing that the Turkish exporter managed to fly the country's flag in 214 countries and regions in May, Gülle said, "We have succeeded in increasing our exports to 175 countries. In May, the top 3 countries where our exporters export the most became Germany with $1 billion 405 million, the United States with $1 billion 149 million, and the United Kingdom with $1 billion 105 million dollars. The countries, where we increase our exports the most in terms of amount, became the United Kingdom with an increase of $545 million, Germany with an increase of $486 million, and Spain with an increase of 450 million dollars. In May, when we look at exports according to the country groups, we see that our exports to the European Union (EU-27), our largest market, increased by 71 percent, reaching a volume of $6.8 billion and taking a 41.2 percent share. When we gathered other European countries other than the EU, the share of the European continent in our may export was 55.8%. In May, in the other country groups, we carried out exports of $2.4 billion to Near and Middle Eastern countries, $1.6 billion to the entire African continent, $1.4 billion to Far Eastern countries, and $1.3 billion to North America."

Automotive exports to France and Germany increased

Gülle noted that Jewelry exports to the United Kingdom increased by $146 million, Ready-to-Wear exports to Spain by $144 million, Automotive exports to Germany by $136 million, Mining exports to China by $100 million, and Automotive exports to France by 97 million dollars. Gülle added that İstanbul's Steel exports increased by 520 million dollars, Kocaeli's Chemicals exports by 392 million dollars, İstanbul's Apparel exports by 378 million dollars, Bursa's Automotive industry exports by 310 million dollars, and İstanbul's Chemicals exports by 298 million dollars.

68 provinces increased their exports; 3 provinces set records

Pointing out that Muğla, Karabük, and Burdur performed the highest monthly exports of their histories in May, Gülle continued as follows, “Our 68 provinces increased their exports. I congratulate all our provinces for this successful performance.” In May, our top 3 exporting provinces were respectively: İstanbul with 6 billion 577 million dollars with an increase of 72 percent, Bursa with 1 billion 174 million dollars with an increase of 104 percent, and Kocaeli with 1 billion 128 million dollars with an increase of 81 percent. The most notable increases were seen in Rize, which reached $27 million with an increase of 413 percent, Osmaniye which exported $41 million with an increase of 241 percent, and Çorum, which signed $37 million in exports with an increase of 215 percent."

1210 new companies joined the export family

New participations in the export family did not slow down in May as they do every month. 1210 companies exporting for the first time in May. These companies, which are just starting exports, exported $60.6 million in May. For the first time since New Year's Day, the number of exporting companies reached 7,577. These companies exported a total of 773 million dollars. According to the general table, a total of 39,501 companies exported during the month. In May, export-based on quantity, increased by 37.1 percent compared to the same month of the previous year and amounted to 14.7 million tons.

The increase in parity reflected positively on exports

The recent increase in euro/dollar parity has reflected positively on exports. The positive impact of the increase in parity in May was $695 million. The positive outlook for euro/dollar parity is expected to continue in the coming months.

Exports to 179 countries with Turkish Lira

 

According to the declarations filed with Turkish Lira, a total of 4.75 billion Turkish Lira was exported to 179 countries. 6,335 of our companies preferred Turkish Lira in export transactions. The export family will continue to support the use of domestic currencies in bilateral trade.

Top 10 COUNTRIES (MAY, MILLION $)

 

Country

2020

2021

Worth

1

Germany

$919.1 million

$1.4 billion

%52,8

2

The USA

$882.1 million

$1.15 billion

%30,3

3

The United Kingdom

$559.6 million

$1.1 billion

%97,4

4

Italy

$397.4 million

$834.1 million

%109,9

5

Spain

$264.4 million

$714.7 million

%170,3

6

Iraq

$602.4 million

$680.7 million

%13,0

7

France

$413.7 million

$656.6 million

%58,7

8

The Netherlands

$336.5 million

$495.5 million

%47,3

9

Russia

$248.9 million

$440.3 million

%76,9

10

Israel

$266.9 million

$425 million

%59,2

 

 

 

Top 10 COUNTRIES (JANUARY-MAY)

 

Country

2020

2021

Worth

1

Germany

$5.81 billion

$7.68 billion

%32,2

2

The UAE

$1.08 billion

$2.69 billion

%149,7

3

The USA

$3.83 billion

$5.42 billion

%41,7

4

The United Kingdom

$3.44 billion

$4.98 billion

%44,7

5

Italy

$2.97 billion

$4.4 billion

%47,8

6

France

$2.44 billion

$3.74 billion

%53,3

7

Spain

$2.33 billion

$3.63 billion

%55,7

8

Israel

$1.69 billion

$2.36 billion

%39,5

9

Poland

$1.2 billion

$1.82 billion

%51,8

10

Iraq

$3.37 billion

$3.98 billion

%18,0

 

COUNTRY GROUPS (MAY)

 

Country

2020

2021

Worth

1

The European Union (EU-27)

$3.97 billion

$6.8 billion

%71,1

2

The Near and Middle East

$1.81 billion

$2.43 billion

%34,2

3

Other Europe

$1.4 billion

$2.39 billion

%70,9

4

The North America

$977.4 million

$1.27 billion

%29,5

5

The Central Asia and the Far East

$742.3 million

$1.39 billion

%86,9

6

The North Africa

$468.6 million

$939.2 million

%100,4

7

Sub-Saharan Africa

$349.9 million

$640.9 million

%83,2

8

The South America

$108.5 million

$370.1 million

%241,0

9

The Central America and the Caribbean

$75 million

$164.7 million

%119,6

10

Australia and New Zealand

$43.8 million

$76.9 million

%75,5

 

COUNTRY GROUPS (JANUARY - MAY)

 

Country

2020

2021

Worth

1

The European Union (EU-27)

$25.29 billion

$35.65 billion

%41,0

2

The Near and Middle East

$11.71 billion

$14.79 billion

%26,4

3

Other Europe

$8.22 billion

$11.29 billion

%37,5

4

The North America

$4.24 billion

$5.93 billion

%40,0

5

The Central Asia and the Far East

$4.55 billion

$6.74 billion

%48,1

6

The North Africa

$3.66 billion

$5.14 billion

%40,5

7

The Sub-Saharan Africa

$2.4 billion

$2.87 billion

%19,4

8

The South America

$652.5 million

$1.48 billion

%126,7

9

The Central America and the Caribbean

$531.2 million

$794.2 million

%49,5

10

Australia, New Zealand

$271.2 million

$416.5 million

%53,6

 

 

 

 

 

 

 

TOP 10 SECTORS (MAY, MILLION $)

 

 

Sector

2020

2021

Worth

1

Chemical and Products

$1.2 billion

$2.1 billion

80,48%

2

Automotive Industry

$1.2 billion

$1.9 billion

56,49%

3

Steel

$813.8 million

$1.7 billion

114,41%

4

Ready-to-Wear

$836 million

$1.3 billion

55,95%

5

Electrical-Electronics

$668.9 million

$1.1 billion

65,50%

6

Iron and Non-Ferrous

$497.7 million

$938.8 million

88,65%

7

Textiles and Raw Materials

$368.6 million

$745.1 million

102,15%

8

Machinery and Components

$430.8 million

$736.2 million

70,88%

9

Cereal Pulses

$498.5 million

$617.5 million

23,87%

10

Mining Products

$272.5 million

$548.7 million

101,38%

 

 

TOP 10 SECTORS (JANUARY - MAY, MILLION $)

 

 

Sector

2020

2021

Worth

1

Automotive Industry

$8.8 billion

$12 billion

37,12%

2

Chemical and Products

$7.1 billion

$9.6 billion

34,90%

3

Ready-to-Wear

$5.6 billion

$7.6 billion

35,70%

4

Steel

$4.8 billion

$7.2 billion

48,88%

5

Electrical-Electronics

$3.8 billion

$5.6 billion

46,74%

6

Iron and Non-Ferrous

$3.1 billion

$4.6 billion

48,13%

7

Textile and Raw Materials

$2.6 billion

$4 billion

53,89%

8

Machinery and Components

$2.8 billion

$3.7 billion

32,83%

9

Cereal Pulses

$2.9 billion

$3.4 billion

16,87%

10

Furniture, Paper, and Forest Products

$2 billion

$2.6 billion

28,06%

 

 

 

 

 

 

Top 10 Cities (MAY, MILLION $)

 

The Cities

2020

2021

Worth

1

İstanbul

$3.8 billion

$6.6 billion

72,37%

2

Bursa

$574.4 million

$1.2 billion

104,44%

3

Kocaeli

$625 million

$1.1 billion

80,52%

4

İzmir

$587.5 million

$906.9 million

54,36%

5

Gaziantep

$482.7 million

$742.7 million

53,88%

6

Ankara

$548.8 million

$723.4 million

31,80%

7

Manisa

$252.5 million

$445.4 million

76,37%

8

Sakarya

$171.7 million

$356.3 million

107,53%

9

Denizli

$163.5 million

$341.3 million

108,83%

10

Hatay

$165.6 million

$325.7 million

96,69%

 

HIGHEST INCREASE / TOP 5 COUNTRIES (MAY, >100 million $)

 

(Million $)

2020

2021

Worth

1

Hong Kong

$19.2 million

$110.8 million

%476,3

2

Nigeria

$20.1 million

$106.9 million

%433,1

3

Brazil

$30.6 million

$112.2 million

%266,8

4

Tunisia

$41.3 million

$123.2 million

%198,0

5

Malta

$42.2 million

$124.1 million

%194,0

 

 

 

HIGHEST INCREASE / TOP 5 SECTORS (MAY, Million $)

 

(Million $)

2020

2021

Worth.

1

 Ship and Yacht

58

136

134,00%

2

 Steel

814

1.745

114,41%

3

 Jewelry

231

491

112,66%

4

 Ornamental Plants and Products

7

15

112,39%

5

 Carpet

117

246

109,48%

 

 

 

HIGHEST INCREASE / Top 5 Provinces (MAY, >10 million $)

 

(Million $)

2020

2021

Worth.

1

Rize

5,2

26,8

413%

2

Osmaniye

12,0

41,1

241%

3

Çorum

11,7

36,7

215%

4

Karabük

16,3

50,4

210%

5

Burdur

12,3

29,5

141%

 

 

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