Turkish Exports Reach Its Highest Levels In The Republic History

During the opening ceremony of the “Export Week 2017” Prime Minister, Binali Yıldırım, Minister of Economy Nihat Zeybekci and the Chairman of Turkish Exporters' Assembly (TİM), Mehmet Büyükekşi announced the export data of October 2017.


Commenting on the data, Prime Minister Binali Yıldırım stated that, “Turkey's exports have been increasing for the last 12 months” and Minister of Economy Nihat Zeybekci claimed that Turkey would surpass $156.5 billion by the end of the year, which is the new Medium Term Program target for exports.


Chairman of TİM, Mehmet Büyükekşi told that, “In the last year, incentive for exports tripled. We will show our gratitude by surpassing the Medium Term Program target.”


According to TİM data, exports were recorded as $13.5 billion with an increase of 15.6%, which is an all-time high figure for the month October. In addition to this, exports in the first ten months of 2017 were increased by 11%, reaching $128.7 billion.


Quantity based exports reached 10.1 million tons in October with an increase of 14.1%. Top performing sectors in October were automotive with $2.63 billion, apparel with $1.54 billion and chemicals with $1.48 billion.


Exports to EU were increased by %17.6, while exports to Russia increased by %62 and exports to USA by %31.


During his speech, Büyükekşi also delivered exporters' demands to the Prime Minister in addition to the export data, while promising 100,000 exporters by the year 2023.


Source: Turkish exporters assembly