– February 2018 top-performing February in country’s history
Turkey’s exports jumped 14.8 percent to reach $12.9 billion in February, compared to the same month of 2017, the Turkish Exporters Assembly (TIM) announced Thursday.
The figure makes February 2018 the best-performing February for exports in Turkish history, TIM said.
Turkey’s exports surged 12.8 percent to $25.3 billion in the first two months of 2018 over the same period in 2017.
The country’s 12-month exports reached $159.03 billion, up 11.1 percent from the previous time interval.
Turkey’s exports have been rising since December 2016, Mehmet Buyukeksi, head of the exporters’ assembly, said in a statement.
He added: “We hope that exports will continue to rise until the end of 2018.”
TIM and Economy Minister Nihat Zeybekci declared that Turkey would break records by crossing the medium-term program’s (MTP) $169 billion target in 2018, he stressed.
He also said figures for the first two months support this goal.
-Auto, clothing, chemical sectors
Fully 22 percent of Turkey’s exports this February came from the automotive sector with $2.8 billion, up 25.7 percent compared to February 2017, he stated.
Auto sector exports were followed by the clothing ($1.4 billion) and chemical products ($1.3 billion) sectors, he added.
Turkey’s exports to Germany, Italy and Britain, Turkey’s top trading partners, rose 21.7 percent, 27.7 percent and 20.4 percent, respectively, year-on-year in February, he said.
He underlined that over the month, Turkey’s exports to European Union countries also surged 24.6 percent, while its exports to Africa jumped 16.7 percent year-on-year.
He said in February, 53 percent of Turkey’s exports went to the EU.
The country’s exports also rose by 1.5 percent in terms of quantity in February, he said, adding:
“In terms of value, Turkey’s exports rose 14.8 percent, in other words, we exported the same goods at a higher price. Research and development, innovation, and design work were reflected in our exports.”
Istanbul was the Turkish city that exported the most in February with $5.3 billion, followed by prominent industrial centers Bursa ($1.3 billion) and Kocaeli ($1.2 billion), he said.
Turkey’s exports were $12.45 billion in January and $157.02 billion in 2017, according to the Turkish Statistical Institute (TurkStat).