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Turkey: Automotive sector became the export champion in February

According to the data of the Turkish Exporters Assembly (TIM), the automotive industry was the sector that realized the most exports in February. The automotive industry, which signed $2 billion 556 million 445 thousand last month, was followed by the chemical materials and products with $2 billion 400 million 988 thousand, and the ready-made clothing and apparel industry with $1 billion 845 million 884 thousand.

The automotive industry was the sector that realized the most exports last month.

According to TIM data, the automotive industry, which made $2 billion 556 million 445 thousand last month, was followed by the chemical substances and products with $2 billion 400 million 988 thousand, and the ready-made clothing and apparel industry with $1 billion 845 million 884 thousand.

In February, the highest increase in exports was in ship and yacht services with 388.1%.

In the industrial group, which made up 75% of Turkey’s total exports last month, exports amounted to $15 billion 7 million 172 thousand with an increase of 25.6%.

In the aforementioned period, the agricultural group, which made up 13.9% of the total exports, reached $2 billion 784 million 139 thousand with an increase of 30.9%, and $476 million 83 thousand with an increase of 14.9% in the mining group, which received a 2.4% share from the total exports.

MOST EXPORTS WERE TO GERMANY

The top 3 exporting countries were Germany with $1.8 billion, the USA with $1.3 billion and the United Kingdom with $1.1 billion. The highest increase was recorded in the USA with $384 million, Iraq with an increase of $318 million and Germany with an increase of $291 million.

Looking at exports by country groups, exports to the EU, which is the largest market, increased by 22% and reached a volume of $8.4 billion. When other European countries other than the EU are included, the share of the European continent in February exports was 55.2%. In other country groups, exports were $3.5 billion to the Near and Middle East countries, $2 billion to the African continent, $1.5 billion to North America and $1.4 billion to the Far East.

The top 3 provinces with the highest exports were Istanbul with $8 billion, Kocaeli with $1.4 billion and Bursa with $1.3 billion, respectively.

EXPORTS BY TURKISH LIRA INCREASED BY 92% IN FEBRUARY

A total of ₺9 billion worth of Turkish lira was exported to 165 countries. Thus, exports in Turkish lira increased by 92% in February.

1,718 companies joined the export family by exporting for the first time in February.

Source: Sabah / Translated by Irem Yildiz

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