Home exports

Tag: exports

Post
Exports hit all-time high for January

Exports hit all-time high for January

Turkey’s exports hit an all-time high for January with a 17% annual jump to USD 17.6bn, Trade Minister Mehmet Mus announced on Wednesday, citing preliminary data. Imports spiked to USD 28bn last month due to the unexpectedly harsh winter conditions and rising energy prices, Mus said at a news conference in the capital Ankara. Energy...

Post
Foreign trade deficit at USD 133m in 2021

Foreign trade deficit at USD 133m in 2021

Turkey’s foreign trade gap was down 7.5% to USD 133m in 2021 — compared to the previous year, according to official figures released on Monday. The country’s exports rose to USD 225.3bn in 2021 with an increase of 32.8%, while its imports increased by 23.6% to USD 271.4bn, TurkStat said. In December, the share of...

Post
Prices will not  weaken competitive power in machinery exports

Prices will not weaken competitive power in machinery exports

Turkey’s machinery sector exports surged by 23.3% to USD 23bn in 2021, compared to the previous year, according to the Machinery Exporters’ Association (MAIB). The sector’s exports also rose by 18.3% versus the pre-pandemic year of 2019. “The volume of orders shows that the Turkish machinery sector’s market share in the European Union and the...

Post
Exports in 2021 reaches USD 225.4bn

Exports in 2021 reaches USD 225.4bn

Turkey’s exports rose by 32.9% to USD 225.4bn in 2021, compared to the previous year, according to President Recep Tayyip Erdogan. The country’s foreign trade deficit, meanwhile, dropped by 7.8% to USD 45.9bn in the same period. The export/import coverage ratio hit 83.1%. “We’ve achieved our foreign trade volume, which stood at USD 87.6bn in...