Turkey’s exports rise by 11.9 percent in August 2017

According to the data shared by  TIM (Türkiye İhracatçılar Meclisi / Turkish Exporters’ Assembly) Turkey’s exports in August went up to US$ 12 billion 439 million in August 2017, corresponding to an increase of 11.9 percent compared to the same month of the previous year. Based on same data exports have increased by 10.7 percent to $ 102.5 billion since the beginning of 2017, while exports in the last 12 months have increased by 7.8 percent to $ 151.8 billion.

It is observed in the same report that automotive industry realized the largest export figures with US$ 1.837 billion in August, among all sectors. Automotive sector was followed by “ready-to-wear and apparel” sector that realized exports worth US$ 1 billion 679 million 93 thousand and chemical products sector with US$ 1 billion 461 million 364 thousand.

The industrial group which realized 83 percent of Turkey’s total exports last month achieved an export figure of US$ 10 billion 324 million 800 thousand corresponding to an increase of 12.9 percent compared to the same month of 2016.

In the same period, the agriculture group, which realizes 13.4 percent of the total exports, achieved an export performance of US$ 1 billion 669 million 787 thousand corresponding to an increase of 2.6 percent while the mining group, which has a share of 3.6 percent in total exports, enjoyed an increase of of 29.1 percent to US$ 444 million 900 thousand.

In terms of total export values, Germany ranked number one among countries importing from Turkey in August with US$ 1 billion 310 million which corresponds to more than 10 percent of total exports from Turkey in said month.

Germany was followed by Iraq, the United Kingdom, the United States and Spain. In this period, 5.9 billion dollars were exported to EU countries. Exports to the EU market with a share of 47 percent in total exports increased by 12 percent in August. The countries with the highest increase in exports were Russia with 58.9 percent, China with 43.1 percent and United Arab Emirates with 35.1 percent.