Business

TIM President Ismail Gulle: We will reach $300 billion in exports in 5 years

Turkish Exporters Assembly (TIM) announced the export figures for July. According to the announced data, Turkey’s exports in July reached $16 billion 413 million with an increase of 10.2% compared to the same month of the previous year, despite the decrease in the number of working days during the Eid holiday. It was also noted that this figure was the highest July export in the history of the Republic. The export family exceeded $200 billion for the first time in the last 12 months and reached $201 billion 46 million. On July 16, it was reported that the daily export record was broken with $1.5 billion.

While 18 sectors increased their exports last month, the automotive sector ranked first with export of $2 billion. The sector with the most remarkable increase was steel, which increased its exports by $709 million compared to the previous year. The exporters, waving the Turkish flag in 213 countries and regions, succeeded in increasing their exports to 128 countries. Monthly export records were set in 7 countries, including Greece and Portugal. The automotive sector increased its exports to the UK by 63%. The steel industry tripled its exports to Italy. Chemicals sector exports of Istanbul to Greece increased 7 times and reached $80 million. 52 provinces increased their exports. According to the declarations filed in Turkish lira, a total of ₺4.6 billion was exported to 173 countries. The number of companies exporting for the first time since the beginning of the year was 10 thousand 598.

“WE EXCEEDED OUR TARGET FOR 2022”

TIM President Ismail Gulle said, “We have exceeded $200 billion in 12 months for the first time in our exports, which have been at the level of $100 billion for the last 14 years. Thus, we have succeeded in exceeding not only our 2021 target of $184 billion, but also our 2022 target of $198 billion. Now we have set our sights on the 2023 target. Our current upward momentum shows that we will reach an export of $300 billion together in a maximum of 5 years. We have more than enough infrastructure and experience to achieve this. In this sense, today is the crossing of a critical threshold for Turkish exports. Today, it is an important turning point in Turkish exports. The strong increase in our exports will both bring our country to a strong growth figure in the second quarter and further reduce the current account deficit.”

$201 BILLION 46 MILLION EXPORT IN 12 MONTHS

Turkish Exporters Assembly (TIM), with the participation of Minister of Trade Mehmet Mus, announced the foreign trade data for July at a meeting held in Ankara. According to the General Trade System (GTS), exports in July reached $16 billion 413 million, an increase of 10.2% when taken as the same month of the previous year, despite the decrease in the number of working days due to holidays and weekend holidays, breaking the all-time export record in July. According to the figures of the last 12 months, the export family exceeded $200 billion for the first time and made history with $201 billion 46 million.

“WE WILL HELP THE FUTURE WITH A FORESTING CAMPAIGN”

TIM President Ismail Gulle, who started his speech at the meeting by expressing his sadness over the forest fires and flood disasters, said, “I convey my best wishes to all our citizens who were affected by disasters. We are on the field today as the soldiers on the field who bring the values of this country together with the world. We will help the future with the campaign we have started to reforest our green homeland. Hopefully, we will re-green all our damaged areas and carry them safely to the future. Our export figures have been an important source of motivation in these difficult days of our country.”

“TODAY IS AN IMPORTANT TURNING POINT IN TURKISH EXPORTS”

Evaluating the July figures in the continuation of his speech, Gulle said, “After the first 6 months that it closed with records, our export family showed a historic performance last month as well. Our exports, which were at the level of $100 billion for the last 14 years, exceeded $200 billion in 12 months for the first time in history. Our country, which is in the position of “Reliable supplier port” in global trade, will continue to maintain its upward momentum with the end of the pandemic process and the transformation in the supply chains. Our current upward momentum shows that we will reach an export of $300 billion together in a maximum of 5 years. We have more than enough infrastructure and experience to achieve this. In this sense, today is the crossing of a critical threshold for Turkish exports. Today is the day to reap the fruits of the projects we successfully completed during and before the pandemic period. Today is the day of the exporter who produces for this country even in the most difficult times and does not leave a single country or region in the world. In July, our exports increased by 10.2% compared to the same month of the previous year and reached $16 billion 413 million. In the first 7 months of the year, our exports reached $121 billion 358 million with an increase of 35%.”

“WE EXCEEDED 2022 TARGETS, WE ARE NOW WORKING TOWARDS 2023 TARGETS”

Noting that they have achieved an export figure of $201 billion 46 million in the last 12 months, well above their annual export target, Ismail Gulle continued as follows:

“With this figure, we managed to exceed not only our 2021 target of $184 billion, but also our 2022 target of $198 billion. Now we have set our eyes on the 2023 target. In addition, the highest daily export figures in our history were achieved this month. First, on July 14, we broke our daily export record of $1.3 billion. On July 16, we broke this record and exceeded $1.5 billion in daily exports. As TIM, we are very proud to see the results of all our work in export figures. Our exports are increasing, which means we are on the right track. The number of our exporters is increasing, which means that we arouse the excitement of export in every segment. Our export unit value is increasing, which means; Our exporters are now increasing the added value of their products with branding, innovation and design. By preserving all the achievements we have achieved, we will stick together for new successes. Hopefully, like every export target we have succeeded in exceeding since we took office, we will surpass the 2021 annual export target together. We would like to express our gratitude to each of our 100,000 exporters who made this success possible, to our Minister who has always supported us, and to our President, who considers our exporters to be his companions. According to the Central Bank Inflation Report released last week, net exports made a positive contribution to quarterly growth by 1.5 points. The contribution of net exports to annual growth was 1.1 points. The strong increase in our exports will both bring our country to a strong growth figure in the second quarter and further reduce the current account deficit. As a result of these figures, we are one step closer to the ‘Turkey Rising with Exports’, which we always say.”

“FIRST TIME IN 7 MONTHS NUMBER OF EXPORTING COMPANIES EXCEEDED 10 THOUSAND”

TIM President Gulle stated that the interest in exports in every corner of Anatolia was also reflected in the number of exporting companies in July and continued:

“Of course, we need to further enlarge the export family in order for these successes to be permanent. Because for us, export should not only be the occupation of a certain group or a certain group, but should be the vision of all our companies, small or large, for the purpose of total development. In line with this vision, we moved our TIM SME export campaign to Diyarbakir this month and met with our exporters and exporter candidates from Diyarbakir. A total of 1,273 companies joined our family by exporting for the first time this month. These companies realized an export of $53.6 million. The number of companies exporting for the first time since the beginning of the year has reached 10 thousand 598.”

AUTOMOTIVE INDUSTRY INCREASED ITS EXPORTS TO THE UK BY 63%

Pointing out that 18 sectors increased their exports in July, Gulle said, “This month, our Automotive sector, with an export of $2 billion, took the first place. Chemicals, which reached $ 1.9 billion, came second, and Steel, which reached $1.7 billion, came third. Our ready-made clothing sector, which reached $1.7 billion, ranked fourth, and our Electrical and Electronics sector, which achieved $1 billion in exports, became the fifth. In terms of the sector, the most remarkable increases were seen in our Steel, which increased its exports by $709 million compared to last year, Chemicals, which increased $339 million, Ferrous and Non-Ferrous Metals, which increased $176 million, jewelry, which increased $109 million, and mines, which increased $105 million. Also this month, our automotive sector increased its exports to the UK by 63%. With an increase of $90 million, it exported $233.3 million to England. Our Chemicals and Products sector has quadrupled its exports to Greece. With an increase of $89 million, it realized $113 million of exports. Similarly, our steel industry has tripled its exports to Italy. It exported $109 million with an increase of $79 million. If we look at the details; Chemicals sector exports of Istanbul to Greece increased 7 times and reached $80 million. Gaziantep’s Grain Industry exports to Iran increased 5 times and reached $52 million. Steel industry exports of Bursa to Canada increased by 28 times and amounted to $40 million. In July, our exporters waved the flag of our country in 213 countries and regions. We have succeeded in increasing our exports to 128 countries.”

MONTHLY EXPORT RECORD TO GREECE AND PORTUGAL

Pointing out that the top 3 exporting countries are Germany with $1.4 billion, the USA with $1 billion and the United Kingdom with $983 million, Gulle said, “We broke the monthly export record in 7 countries, including Greece and Portugal. The countries where we increased our exports the most in terms of amount were Italy ($171 million increase), Spain ($155 million increase) and the United Arab Emirates ($141 million increase).”

EUROPE’S SHARE IN EXPORTS IS 57.1%

Stating that exports to the European Union (EU-27) increased by 13% to a volume of $7 billion, Gulle said, “When we add other European countries other than the EU, the share of the European continent in our exports in July is 57.1%. In other country groups, we exported $2.6 billion to the Near and Middle East countries, $1.4 billion to the entire African continent, $1.3 billion to the Far East and $1.2 billion to North America.”

52 PROVINCES INCREASED THEIR EXPORTS

According to the information announced, 52 of our cities increased their exports in July. Our top 3 exporting provinces are respectively; Istanbul with $6.8 billion, Kocaeli with $1.3 billion and Izmir with $940 million. The most striking increases were in Istanbul ($786 million), Kocaeli ($408 million), Hatay ($91 million), Izmir ($69 million) and Corum ($62 million).

EXPORT TO 173 COUNTRIES WITH TURKISH LIRAS

According to the declarations filed in Turkish lira, a total of ₺4.6 billion was exported to 173 countries. 6 thousand 463 companies preferred the Turkish lira in their export transactions. TIM will continue to support the use of domestic currencies in bilateral trade. Again in July, our exports on quantity basis increased by 9.7% compared to the same month of the previous year and amounted to 14.2 million tons. In the first 7 months, more than 99 million tons were exported with an increase of 17.4%. Euro/dollar parity, which has been on an upward trend since the second half of 2020, had a positive impact on exports this month as well. In July, the positive effect of the increase in the parity amounted to $208 million and $3.9 billion in the first seven months of the year. The positive outlook in the euro/dollar parity is expected to continue in the coming months.

Source: Sabah / Translated by Irem Yildiz

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button