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5,1% Export Increase on February Rejoices

Topical5,1% Export Increase on February Rejoices

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5,1% Export Increase on February Rejoices
5,1% Export Increase on February Rejoices

Turkey general export became 11 billion and 296 million dollars with 5,1% increase on February comparing to the previous year. According to the data from Turkish Exporters Union(TİM) the most attention grabbing increase occured in China, USA and Israel markets.

Announcing the exports rates on a press conference, TİM President Mehmet Büyükekşi defended that the raise on February even though it is one day less, is very exciting. Büyükekşi said; “As you know, February was 29 days in 2016. I congratulate our exporters who achieved  to raise our export 5,1% despite 1 less day. On the quantity basis, our exports increased 10,2%” Büyükekşi explained  that exports on the last 12 months reached  143 billion and  218 million dollars with 2,6% increase  compared to the previous year.

The export champion on February was automotive sector with 12,5%  increase. Olive and olive oil sector reached  to %82,3  and jewellery sector increased  64%.  The top 3 sectors with the most export raise on the first two months of the year are ranked as such; automotive with 804 million dollar raise, chemical materials and products with 447 million dollars and steel sector with 430 million dollars.

Increase in export

Textile and raw materials sector gained 638 million dollars on exports; with 0,9% raise on February and 1,25 million dollars revenue with 2,1% raise on January-February term.  While readywear and garment sector performed 1,28 billion dollars exports with 9,1% decrease on February;  during January-February term it gained 2,54 billion dollars of worth  with 7,1% decrease. Carpet exports reached 155 million dollars with 0,6%  increase; this value was 301 million dollars with 6% increase on January-February term.

Among the biggest export markets on January-February term, Germany ranked in the first place with 10% share. United Kingdom with 6,2%, Iraq with 5,9% , Italy and USA with 5,1% share followed Germany.

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