Turkey’s exports increase by 14.2 percent in November 2017

According to Turkish Exporters Assembly (TEA – TIM in Turkish), exports in November increased by 14.2 percent compared to the same month of the previous year and reached USD 13 billion 629 million. November 2017 was the third best November month in the export history of Turkey. In the first 11 months, exports increased by 10.7 percent to USD 142 billion 663 million while exports in the last 12 months increased by 10.5 percent to USD 155 billion 443 million.

On the other hand, exports on a quantity basis increased by 6.5 percent to 9.7 million tons in November and to 105.3 million tons in the first 11 months. President Mehmet Büyükekşi, in the meeting announced at the export figures of November, said:

President of Turkish Exporters Assembly said “In 11 months only this year, we have reached the same export figures we reached in the whole of 2016. Our exporters are not pleased with increases in exchange rates. The rates should be more predictable. Competitive exchange rate is around 3,50-3,60. We want to increase our exports in a consistent manner by emphasizing on high added value and exporters should earn money from exports rather than exchange movements. I urge all exporters to use the tools that will protect them against currency risk, effectively.