Turkiye continued its total export increase in the first four months of the year. While Turkiye-wide January-April exports of the grains, pulses, oilseeds and products sector reached $4 billion, with an increase of 6% compared to the same period of the previous year; Exports of the Istanbul Cereals, Pulses, Oilseeds and Products Exporters’ Association (IHBIR) increased by 3.3%, reaching $1 billion 222 million.
Exports of the grain sector, one of the important items of Turkiye’s exports, continue to increase. Istanbul Cereals, Pulses, Oilseeds and Products Exporters Association (IHBIR) announced the export figures for April and January-April period.
According to this; While the April exports of the Istanbul Grains, Pulses, Oilseeds and Products Exporters’ Association (IHBIR) increased by 1.3% compared to the same month of the previous year, reaching $264 million; Turkiye-wide exports of the grain sector in April amounted to $885 million, an increase of 3.2% compared to the same month of the previous year. The sector’s exports throughout Turkiye in the first four months reached $4 billion, an increase of 6% compared to last year. In the same period, IHBIR’s exports increased by 3.3% and reached $1 billion 222 million.
IRAQ RANKS FIRST IN EXPORTS
In April, the top three countries to which the grain sector exported the most in Turkiye were Iraq, the USA and Algeria, respectively; The first three countries to which exports are made within IHBIR are; It became Iran, the USA and Iraq.
When considered as commodity groups, the highest exports are; while this was realized in pastry products with $207.2 million, milling products ranked second with $151 million, and other food preparations ranked third with $138.2 million.
“WE ARE LOSING OUR COMPETITIVE POWER”
Evaluating the announced figures, Kazım Tayci, Chairman of the Board of Directors of Istanbul Cereals, Pulses, Oilseeds and Products Exporters’ Association (IHBIR); and emphasized that the biggest factor in export increase is market diversity.
Stating that they started to lose competitiveness, especially due to exchange rate and inflation, Tayci said, “As a sector, our biggest advantage in exports was quality products and affordable prices. We will lose our advantage in the sub-sectors, where we are at the same prices as Spain and Italy, only for sugar and cocoa products.”
Source: Patronlardunyasi / Prepared by Irem Yildiz