Local Turkey

Automotive industry made $2B of exports in October

According to the data of Turkey Exporters Assembly (TIM), the automotive industry made $2 billion 915 million 981 thousand of exports in October.

The automotive industry was followed by ready-made clothing sector with $1 billion 857 million 564 thousand of exports and chemicals industry with $1 billion 725 million 231 thousand.

The highest increase in October exports was realized in the jewellery sector with 160.9 percent. Industry group, which held 76.9 percent of Turkey’s total exports in October, made $13 billion 323 million 964 thousand of exports with an increase of 7.6 percent.

October exports of the agricultural group accounted for 13.5 percent of total exports, valued at $2 billion 342 million 908 thousand with a decrease of 3.2 percent while the October exports of the mining group accounted for 2.3 percent of total exports, valued at $394 million 408 thousand with an increase of 6.5 percent.

Most exports made to Germany

The share of the top 10 countries in October exports was 50.8 percent, while this share was 67.6 percent in the first 20 countries.

Top 3 countries to which exporters made the most exports in October were respectively Germany with $ 1 billion 620 million, the United Kingdom with $ 1 billion 495 million and Iraq with $ 966 million.

Top 5 countries to which the most exports made in the first 10 months of the year were respectively Germany with $ 12.9 billion, the United Kingdom with $ 9 billion, the USA with $ 8.2 billion, Iraq with $ 7.2 billion and Italy with $ 6.4 billion.

Parity effect was $ 483 million

Recently, the effect of the increase in parity reflected positively on exports. This positive increase accounted for $483 million dollars in October, while it was $507 million in the 10 months of the year.

source: AA / translated by Melisa Karayusufoglu

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