Turkish exports exports rose in August
According to figures collected by the Turkish Exporters Assembly (TİM) that were announced on Monday, Turkish exports rose 7.4 percent in September compared to the values of the same month in the previous year.
With the rise in September, the export figure reached $11.4 billion for the month. Looking at exports over the last 12 months, there has been an 11.6 percent increase to total $146.9 billion, and the figure for the first nine months of this year reached $111.4 billion.
The announcement was made by TİM President Mehmet Büyükekşi while in the southeastern province of Diyarbakır. He was joined by Economy Minister Zafer Çağlayan and Agriculture, Food and Animal Husbandry Minister Mehdi Eker.
TİM figures indicate that in September, the automotive sector was responsible for exports totaling $1.5 billion. Exports from this sector, which contributed a total share in exports of 13.18 percent, have declined 8.14 percent over the figures for September 2011. The automotive sector was followed by the chemicals sector with exports totaling $1.4 billion, marking a 21.8 percent increased over the same month last year. The ready-to-wear clothing sector followed at $1.3 billion, the steel sector at 1.2 billion and electronics at $983 million in exports.
The agricultural sector, which exported goods totaling $1.6 billion in September, saw a rise of 10.9 percent in exports compared to the same month in 2011. The mining industry increased its exports by 13.7 percent in September year-on-year, reaching to a sum of $365 million, while the manufacturing industry brought in $9.4 billion -- a 6.5 percent rise year-on-year.
As stated in the TİM report, Germany, Iraq and England were the top three countries to import from Turkey in September. Germany ranked first, with purchases totaling $1.8 billion, and was followed by Iraq at $985 million and England at $698 billion.
The report also indicates that the highest rise in exports was seen in the jewelry sector, which experienced 57.6 percent growth in September year-on-year, pulling up the value of its exports to $180 million. The defense industry also increased its exports by 48 percent, reaching a value of $94 million.
Announcing that the export target of $150 billion set by government for the year is likely to be achieved, the TİM president noted the importance of paving the way by attracting more investment and decreasing unemployment. Explaining that TİM is focused on attracting investments to the main export sectors in eastern and southeastern Turkey, he said, “Minister Çağlayan and I came to provide further information on an incentives package for Diyarbakır to help it realize its export potential as it has already increased its exports by 24 percent in first nine months of 2012.”
(Cihan/Today's Zaman) CİHAN
- Just BS? Why Israel's anti-BDS law can't really stop BDS internationally
- Malnourished economy: global hunger leading to $2 trillion loss in world GDP
- Going green: UAE looks to save Dh6.98b a year by 2030 with renewable energy
- Diversify and dump the slump in the GCC
- Supervising the stoners: Egyptian tobacco traders call for the legalization of cannabis