Turkish Exporters Assembly (TIM) announced the foreign trade figures for the month of August.
According to the data, automotive maintained its top position with 2.7 billion dollars in the ranking of the most exporting sectors. Automotive was followed by chemicals with $2.6 billion, and ready-made clothing and apparel with $1.7 billion. The unit export value per kilogram increased by 10 percent compared to the same month of the previous year and rose to $1.41.
Turkey’s August exports increased by 1.6 percent compared to the same month of the previous year and reached 21.6 billion dollars. Exports in the January-August period reached 165 billion dollars.
TİM President Mustafa Gültepe, whose views were given in the statement, stated that they closed August, one of the critical months in terms of year-end targets, with a record, and that they reached the highest export figure in August, and said:
“According to the General Trade System (GTS) records, we completed August with exports of 21.6 billion dollars. We are 1.6 percent higher than the same month of the previous year. Exports, which have been one month plus and one month minus compared to the same period of the previous year, have increased in August after July. “When we look at the January-August period, we are almost at par with last year with 165 billion dollars. In the last 12 months, we are at 253.6 billion dollars. In August, the automotive sector made the highest contribution to our exports with 2.7 billion dollars. First Our other sectors in 5 were listed as chemistry with $2.6 billion, ready-made clothing with $1.7 billion, electronics with $1.4 billion and steel with $1.3 billion. While our 36 provinces increased their exports, our top 5 exporting provinces were Istanbul, Kocaeli, Bursa, İzmir and Gaziantep.In August, 1,472 companies exported for the first time.Our unit export value increased by 10 percent compared to the same month of the previous year, to $1.41 “
Gültepe stated that the parity difference contributed 715 million dollars to exports last month, while the parity contribution in the last 5 months reached 2.2 billion dollars.
Stating that the countries with the highest exports in August were Germany, the USA, Iraq, the United Kingdom and Italy, Gültepe stated that export records were broken to 8 countries, including Kazakhstan, Norway and Somalia.
“We are getting closer to our target of 100 Trade Missions in 2023, step by step”
Mustafa Gültepe noted that they have mobilized all the opportunities to achieve the targets in exports, on the one hand, they are working to strengthen their activities in the main markets and on the other hand, they are working to find new markets.
Stating that they focused on trade and purchasing delegations in line with the goal of increasing market diversity, Gültepe said, “We held a trade delegation with wide participation in Brazil and Chile in August. We have an intense delegation program in September. We have a busy delegation program this month with our exporter associations in Kenya, Saudi Arabia, Tanzania, Jordan, United We are planning to hold trade delegations in the Arab Emirates, Nigeria, Oman and Benin. We are getting closer to our target of 100 trade delegations for 2023, step by step.” made its assessment.
“Our contacts continue to expand the loan volume of 1 billion dollars”
TİM President Gültepe emphasized the vital importance of financing in order to reach the targets in exports, and gave information about the efforts made by exporters to meet the increasing financing needs of the exporters.
Gültepe said, “We signed a loan protocol of 1 billion dollars with 11 banks on August 28. Within the framework of the protocol, our companies will be able to use cost-effective export loans of up to 5 million dollars or 100 million TL. Our exporters will be able to choose one of the revolving or installment loan options. “I wish the credit package to be beneficial to all exporters. We are in talks to expand the package according to the conditions. I believe that these negotiations will result in positive results and that we will bring more of our exporters to credit with favorable terms.” used the phrases.
Gültepe stated that they are working with banks on a different financing mechanism for the financing of green transformation.