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Turkey : Exports reach $ 16.01B in September
Turkey hits all-time high September export figure this year , says trade minister Ruhsar Pekcan
Says trade minister Ruhsar Pekcan
Turkey this year hit an all-time high in September export figures -- $ 16.01 billion -- Turkey ’ s trade minister recently announced . The country ’ s exports rose 4.8 % on a yearly basis and 28.5 % on a monthly basis in September , Ruhsar Pekcan said . Turkey ’ s exports also climbed 34.5 % in the third quarter of this year from the previous quarter , she added . These export figures confirm that Turkey ’ s recovery and normalization from the pandemic period are continuing successfully , Pekcan stressed . Meanwhile , the country ’ s imports in September totaled $ 20.89 billion , with an overwhelming 89.3 % made up of raw material and capital goods , she said . In the first nine months of this year , Turkey ’ s exports totaled $ 118.35 billion and imports $ 156.24 billion , the trade minister added . In September , export / import covering ratio -- excluding gold imports -- was around 90.9 %, and it was 84.4 % in the first nine months , she noted .
“ The purchase and sale of gold should be evaluated differently from goods trade . “ Through gold imports , gold -- which has a capital value -- is brought to the country in exchange for foreign currency ,” she stressed . In September , the gold imports were $ 3.4 billion , she added . Apparel exports posted 15 % rise to reach $ 1.6 billion in September , while textile rose by 12.8 % to $ 1.1 billion , chemicals by 19.4 % to $ 1.1 billion and machinery by 4.8 % to $ 2.1 billion , she said . The minister also noted that the automotive sector posted an increase for the first time during the pandemic period by 0.5 % to $ 2.2 billion . The country ’ s exports to France rose by 12.8 %, while Germany ( 10.6 %), the UK ( 3.2 %), and Spain ( 2.3 %) followed it in September , the minister stressed . Italy and the Netherlands posted drops by 7.2 % and 5.9 %, respectively , she added . Exports to the EU increased by 5.6 %, to America by 22 %, to Asia 6.8 % and to Africa by 1.7 % in September , she said . Stressing that the pandemic narrowed the world economy at an unprecedented level and reduced demand in important markets such as the EU , Pekcan said Turkey has posted a significant performance in the export side . Touching on Turkey ’ s supports for exporters , she said the country ’ s Eximbank in the first nine months raised its supports by 7 % to $ 30.4 billion . She also said the country organized 24 trade delegations , covering 40 countries this year and made 4,200 business meetings . Pekcan highlighted that the number of Turkish exporters increased by 6.8 % year-on-year in September .
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November 2020