What crisis? Turkey's exports spiked 10% in January
Turkey’s exports increased by 9.6 percent in January, reaching to more than $12 billion – good news for a nation that is struggling to reduce ballooning current account deficit.
Turkey Exporters Assembly (TİM) head Mehmet Büyükekşi told reportes on Saturday that this figure is a record for the history of Turkish republic.
Turkey's annual exports in 2013 stood at $151.7 billion, almost the same figure for the year before.
Turkey's biggest exporter in 2013 was the automotive sector, which sold $21.3 billion worth of vehicles and automotive components to overseas buyers, a nearly $2 billion increase from a year before. It was followed by the chemical and chemical components sector with exports worth $17.4 billion and the ready-to-wear and apparel sector with $17.3 billion.
- King Salman and the nanny state: how the Saudi economy is about to sustain itself on 'freebies'
- Livelihoods trump lawlessness: young working Egyptians risk everything in Libya
- RIP: King Abdullah leaves behind profound legacy for the Saudi Economy
- Impetus from within: why the Arab World needs a very Arab 'Marshall Plan'
- 'Fiscal juggling': just how many economic priorities will Saudi Arabia's new King have to focus on?