Turkey Writes History By Exceeding 200 Billion Dollars For The First Time In Exports
03 August 2021
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.”