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The highest increase in Turkey’s exports was realized to the USA with $296.8 million

Last month, the highest increase in exports on the basis of value was realized to the USA with $296.8 million, while foreign sales to this country exceeded $1.1 billion. In this period, the highest export to the USA was made by Istanbul with $423.3 million on a provincial basis, and by the steel industry with $117.5 million on a sectoral basis.

Last month, the highest increase in Turkey’s exports on a value basis was to the USA, with $296.8 million, while companies from Istanbul made $423.3 million of the total exports to the country in this period.

The USA, which is the 2nd largest investor and 4th largest commercial partner in Turkey, is also among the markets where exports grow the fastest. The definition of the USA, which has an economy of $20 trillion, as a “strategic partner in trade” and the steps taken to facilitate mutual trade, increase the demand of this country for Turkish products.

The share of the USA in Turkey’s exports in 2021, which reached the level of $225 billion 367.7 million, reached a record level based on $28 billion. On the basis of value, the highest increase in exports in 2021 was to the USA, and this trend continued this year as well.

Thus, Turkey achieved the highest increase in exports in terms of value last month, with $296.8 million to the USA. Turkey’s foreign sales to the USA increased to $1 billion 118.5 million in February. The USA was also the second country to which Turkey exported the most in February.

GERMANY RANKED SECOND IN EXPORT INCREASES

In the ranking of export growth, Germany came after the USA in February. In this period, foreign sales to Germany increased by $289.7 million and reached $1 billion 644 million. Turkey’s exports to Iraq reached $832.2 million with an increase of $240 million and to Italy $985.7 million with an increase of $210.5 million. Exports to the Netherlands increased by $160 million to $575.4 million.

On a provincial basis, companies from Istanbul made the highest amount of exports to the USA with $423.3 million.

Gaziantep with $114.6 million, Bursa with $111.9 million, Izmir with $85.4 million and Ankara with $82 million followed Istanbul.

THE SECTOR THAT HAS A VOICE IN EXPORT TO THE USA IS “STEEL”

In February, the steel sector made the most exports to the USA.

In this period, the steel industry made foreign sales of $117.5 million to the country.

The steel industry was followed by the automotive industry with $113.3 million, chemicals and products with $92.5 million, ready-made clothing and apparel with $84.6 million, and the carpet industry with $8.5 million.

In this period, the sectors that increased their exports to the country the most in terms of value were steel with $75.9 million, chemicals and products with $44.6 million, cement, glass ceramics and earthenware with $28.9 million, ready-made clothing and apparel with $27.9 million and jewelery with $26.9 million.

In February, cement, glass ceramics and earthenware products, $71.8 million, and the jewelery industry $76.8 million were exported to the USA.

Source: Sabah / Translated by Irem Yildiz

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