Business

First-quarter exports of companies from Istanbul exceeded $24 billion

The exports of companies from Istanbul in the January-March period increased by 27.1% compared to the same period of the previous year and reached $24 billion 48 million.

In the first quarter, chemical materials and products worth $3.9 billion, ready-made clothing and apparel products worth $3.7 billion, and steel products worth $2.8 billion were exported from Istanbul.

According to the information compiled from the data of the Turkish Exporters Assembly (TIM), Istanbul, which acts as a locomotive in Turkey’s exports, continues to add a new one to the historical peaks it has reached in foreign sales.

Realizing the highest January-February exports of all times in the previous month, Istanbul also broke the first-quarter record last month.

Companies from Istanbul realized the highest January-March export sales of all time with $24 billion 48 million. Thus, Istanbul’s exports increased by 27.1% in this period compared to the same period of the previous year.

Istanbul surpassed other provinces in exports in the first quarter of the year. Istanbul was followed by Kocaeli with $4 billion 755 million, Bursa with $3 billion 867 million, Izmir with $3 billion 372 million and Gaziantep with $2 billion 645 million.

Companies from Istanbul delivered their products to 226 points in 3 months of the year, while the share of Turkey’s exports in the January-March period was 39.9%.

In the 3 months of the year, companies from Istanbul realized the highest increase in exports on a value basis. In this period, the foreign sales of companies from Istanbul increased by $5 billion 134 million on the basis of value compared to the same period of the previous year.

Kocaeli with $988.2 million, Izmir with $755.9 million, Ankara with $511.1 million and Gaziantep with $358.6 million followed Istanbul.

INDUSTRIAL PRODUCTS CAME TO THE FORE

Industrial products came to the fore in Istanbul’s exports

In the first quarter of this year, the chemical materials and products sector made the most exports in Istanbul.

In the January-March period in Istanbul, chemical substances and products companies made foreign sales of $3 billion 887 million.

Ready-to-wear and apparel companies operating in the city realized exports of $3 billion 741 million, companies within the steel sector $2 billion 788 million, ferrous and non-ferrous metals companies $2 billion 112 million, companies operating in the electrical and electronics sector realized exports of $1 billion 823 million.

The sectors that increased their foreign sales the most in Istanbul were ship yachts and services with 165.4%, ferrous and non-ferrous metals with 60.3%, aquaculture and animal products with 59.8%, mining products with 50.1%, fruit and vegetable products with 47.9%.

Ship, yacht and services companies in the city exported $171 million 461 thousand, aquaculture and animal products companies $164 million 397 thousand, mining companies $448 million 358 thousand, fruit and vegetable products companies $156 million 688 thousand.

The highest demand for the products produced in Istanbul came from Germany with $2 billion 202 million.

Germany was followed by the USA with $1 billion 338 million, the United Kingdom with $1 billion 237 million, Italy with $1 billion 195 million, and Israel with $1 billion 28 million.

Source: Sabah / Translated by Irem Yildiz

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