Turkey Writes History By Exceeding 200 Billion Dollars For The First Time In Exports

TİM CHAIRMAN GÜLLE: WE WILL REACH 300 BILLION DOLLARS IN 5 YEARS

Turkish Exporters Assembly (TİM) announced the export figures for July. Türkiye's exports in July reached 16 billion 413 million dollars with an increase of 10.2 percent compared to the same month of the previous year, despite the decrease in the number of working days of the Eid holiday. This figure was also the highest July export in the history of the Republic of Türkiye. For the first time in 12 months, the export family has surpassed $200 billion and made history with $201 billion and $46 million. On July 16, a daily export record was set at $1.5 billion. 

While 18 sectors increased their exports last month, the Automotive sector ranked first with the export of 2 billion dollars. The sector with the most remarkable increase was Steel, which increased its exports by 709 million dollars compared to the previous year. Exporters flying the Turkish flag in 213 countries and regions succeeded in increasing their exports to 128 countries. Seven countries, including Greece and Portugal, set a monthly export record. The automotive sector has increased its exports to the UK by 63 percent.  The steel industry has tripled its exports to Italy. İstanbul's chemical products sector exports to Greece have increased 7 times to $80 million. 52 provinces increased their exports; According to the declarations filed with Turkish Lira, a total of TL 4.6 billion was exported to 173 countries. For the first time since New Year's Day, the number of exporting companies was 10,598.

TİM Chairman İsmail Gülle said, “For the first time in our exports, which have been at the levels of 100 billion dollars for the last 14 years, we have exceeded 200 billion dollars in 12 months. Thus, we managed to exceed not only our 2021 target of $184 billion but also the 2022 target of $198 billion. Now we have our eyes on the 2023 target. Our current upward momentum shows that we will reach $300 billion in exports together in 5 years at most. We have the infrastructure and experience to achieve this. In this sense, today, it is a critical threshold for Turkish exports. Today, it is an important turning point in Turkish exports. The strong increase in our exports will both lead our country to a strong growth figure in the second quarter and further reduce the current account deficit.”

The Turkish exporters, who are the field soldiers of Türkiye's economy and trade diplomacy, renew their export records every month despite the shrinkage in global trade due to the pandemic and the shrinkage in the world economies. In the first half of 2021, the export family broke all-time records in the second quarter and closed July with a record; with the export figure in the last 12 months, it has achieved a historical success.

201 billion 46 million dollars exports in 12 months

Turkish Exporters' Assembly (TİM), the only umbrella organization of 100 thousand exporters with 61 Exporters' Associations and 27 sectors, continuing its efforts at full speed for the target of 'Türkiye with Foreign Trade Surplus', announced the foreign trade data for July with the participation of Minister of Trade Mehmet Muş at a meeting held in Ankara. According to the General Trading System (GTS), exports in July decreased the number of business days of the holidays and weekend holidays but increased by 10.2 percent based on the same month of the previous year, reaching 16 billion 413 million dollars, setting an all-time July export record. According to the figures of the last 12 months, the export family exceeded 200 billion dollars for the first time and made history with 201 billion 46 million dollars.

"We will breathe into the future with the reforestation campaign"

TİM Chairman İsmail Gülle, who started his speech at the meeting by expressing his sadness over the forest fires and flood disasters, said, “I convey my best wishes to all our citizens affected by disasters. We are still on the field today as people who bring the values of this country together with the world. We will breathe into the future with our green campaign to reforest our green homeland. Hopefully, we will green all our damaged areas again and carry them safely into the future. Our export figures have been an important motivator in these difficult times for our country."

"Today is an important turning point in Turkish exports"

Then, evaluating the July figures, Gülle said, “After the first 6 months that it closed with records, our export family also showed a historic performance last month. For the last 14 years, our exports, which are at the level of 100 billion dollars, exceeded 200 billion dollars in 12 months for the first time in history. Our country, which is a "Reliable supplier port" in global trade, will continue to maintain its upward momentum with the end of the pandemic process and the transformation in supply chains. Our current upward momentum shows that we will reach $300 billion in exports together in 5 years at most. We have the infrastructure and experience to achieve this. In this sense, today, it is a critical threshold for Turkish exports. Today is the day to reap the fruits of the projects that we have successfully completed during and before the pandemic period. The day is the day of the exporter who produces for this country even in the most difficult periods, leaving not a single country, a single region in the world that has not set foot in the world. In July, our exports compared to the same month last year; up 10.2 percent to $16 billion 413 million. In the first 7 months of the year, our exports increased by 35 percent to 121 billion 358 million dollars."

“We have passed the year 2022, we set our sights on the 2023 target”

Noting that they have reached a figure well above their annual export target by exporting 201 billion 46 million dollars in the last 12 months, İsmail Gülle said, “With this figure, we managed not only to exceed our 2021 target of 184 billion dollars but also to exceed the 2022 target of 198 billion dollars. Now we set our sights on the 2023 target. In addition, the highest daily export figures in our history took place this month. First, on July 14, we broke our daily export record with $1.3 billion. On July 16, we broke this record and exceeded $1.5 billion in daily exports. As TİM, we are very proud to see the results of all our work in export figures. Our exports are increasing, this means that we are on the right track. Our number of exporters is increasing; this means that we evoke the excitement of exports in all sectors. Our export unit value is rising, this means that our exporters now increase the added value of their products with branding, innovation, design. We will be even more united for new achievements while preserving all our gains. Hopefully, like every export target we have managed to exceed since we took office, we will exceed the 2021 annual export target together. We would like to express our gratitude to each of our 100 thausand exporters who made this success possible, to our Minister who has always supported us, and to our President, who considers our exporters his companions. According to the Central Bank Inflation Report released last week; net exports contributed positively by 1.5 percentage points to the growth for the period. Net exports contributed 1.1 points to annual growth. The strong increase in our exports will both bring our country to a strong growth figure in the second quarter and further reduce the current account deficit. As a result of these figures, we are one step closer the target of “Türkiye Rising With Exports”, which we have always stated.”

"The number of companies exporting for the first time in 7 months exceeded 10 thousand"

Stating that the interest in exports in every corner of Anatolia was reflected in the number of exporter companies in July, TİM Chairman Gülle said, “Of course, for these successes to be permanent, we need to further enlarge the export family. Because in our opinion, exports should not be the work of only a certain segment or a certain group; for the purpose of total development, it should be the vision of all our companies, regardless of small or large. In line with this vision, we took our TİM SME export mobilization to Diyarbakır this month and met with our Diyarbakır exporters and exporter candidates. 1,273 of our companies joined our family by exporting for the first time this month. These companies exported $53.6 million. For the first time since New Year's Day, the number of exporting companies reached 10,598.

The automotive sector boosts exports to the UK by 63 percent

Pointing out that 18 sectors increased their exports in July, Gülle said, "This month, our automotive sector, which exported $2 billion, ranked first. Chemical Substances, which reached $1.9 billion, came in second, and Steel, which reached $1.7 billion, came in third. Ready-to-Wear, which reached $1.7 billion, was the fourth, and our Electrical Electronics sector, which signed $1 billion in exports, came fifth. The most notable increases in sectoral terms are Steel, which increased its exports by $709 million compared to last year, Chemical Substances, which increased by $339 million, Iron and Non-Ferrous Metals, which increased by $176 million, Jewelry, and It happened in our mining sectors, which increased by $105 million. Also, this month, our automotive sector increased its exports to the UK by 63 percent. It exported $233.3 million to the UK, an increase of $90 million. Our Chemicals and Products sector quadrupled its exports to Greece. With an increase of $89 million, it exported $113 million. Similarly, our steel sector has tripled its exports to Italy. It exported $109 million, an increase of $79 million. If we look at the details; Istanbul's chemical products sector exports to Greece have increased 7 times to $80 million. Gaziantep's Cereal Sector exports to Iran increased 5 times to $52 million. Bursa's steel industry exports to Canada increased by 28 times and amounted to 40 million dollars. In July, our exporters flew the flag of our country in 213 countries and regions. We have succeeded in increasing our exports to 128 countries."

Monthly export record to Greece and Portugal

Reporting that the top 3 countries with the most exports became Germany with $1.4 billion, the United States with $1 billion, and the United Kingdom with $983 million, Gülle said, “Monthly export records were set in 7 countries, including Greece and Portugal. The countries where we increase our exports the most in terms of amount; Italy ($171 million increase), Spain ($155 million increase) and United Arab Emirates ($141 million increase) were."

Europe's share of exports, 57.1 percent

Stating that exports to the European Union (EU-27) increased by 13 percent to a volume of $7 billion, Gülle said “When we add other European countries other than the EU, the share of the European continent in our exports in July is 57.1 percent. In other countries groups, we exported $2.6 billion to nearby and Middle Eastern countries, $1.4 billion to the entire African continent, $1.3 billion to the Far East, and $1.2 billion to North America.

52 provinces increased their exports

In July, 52 cities increased their exports. The top 3 provinces that export the most, respectively; It became İstanbul with $6.8 billion, Kocaeli with $1.3 billion, and İzmir with $940 million. The most notable increases became in İstanbul ($786 million), Kocaeli ($408 million), Hatay, ($91 million), İzmir ($69 million), and Çorum ($62 million).

Exports to 173 countries with Turkish Lira

According to the declarations filed with Turkish Lira, a total of TL 4.6 billion was exported to 173 countries. 6,463 companies preferred Turkish Lira in export transactions. TİM will continue to support the use of domestic currencies in bilateral trade. Also in July, our exports in terms of quantity increased by 9.7 percent compared to the same month last year, reaching 14.2 million tons. In the first 7 months, more than 99 million tons were exported, an increase of 17.4 percent. Euro/Dollar parity, which has been on an upward trend since the second half of 2020, reflected positively on exports this month. The positive impact of the increase in parity in July was $208 million; in the first seven months of the year, it was $3.9 billion. The positive outlook for euro/dollar parity is expected to continue in the coming months.

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