Trade Minister Mehmet Mus announced the export figures for July. Exports in July increased by 10% compared to the same period of the previous year and reached $16.4 billion. Minister Mus said, “This amount is the highest July export to date.”. Minister Mus also said about the export figure of the last 12 months, “For the first time, we have exceeded $200 billion.”
Trade Minister Mehmet Mus announced the export figures for July. Minister Mehmet Mus said, “Our exports in the last 12 months have increased to $201.5 billion and set a new record in the history of the Republic. For the first time, we have exceeded $200 billion.”
Minister Mus announced the foreign trade figures for July at the press conference he held with the Turkish Exporters Assembly (TIM) at the Ministry Conference Hall.
Reminding that the first half of the year was closed with records and the highest export figures in the history of the Republic were reached on a monthly, 6-month and 12-month basis in June, Mus said, “Our exports in July increased by 10% compared to the same period of the previous year and amounted to 1$6.4 billion. The amount in question is the highest July export to date.”
Noting that the 9-day Eid al-Adha holiday is considered, Mus also pointed out that the export amount on a working day basis is quite high, and said:
“In this way, our exports in the January-July period increased by 35% compared to the same period of the previous year and reached $121.4 billion. Again, compared to the pre-pandemic period, our exports increased by 16.4% compared to the January-July period of 2019. In the last 12 months, our exports increased to $201.5 billion, breaking a new record for the Republic. For the first time, we have exceeded $200 billion. Our imports, on the other hand, increased by 17% in July compared to the same month of the previous year and reached $20.7 billion. In the January-July period, our imports amounted to $146.8 billion, an increase of 26% compared to the same period of 2020.”
Stating that the foreign trade volume has also increased to $268.2 billion, Mus said, “As another important indicator, the ratio of exports to imports increased by 5.6 points to 82.7% in the January-July period compared to the previous year. Similarly, in the January-July period, our foreign trade deficit decreased by 5% compared to the previous year and decreased to $25.5 billion. As much as our export amount, the increase in the number of export-oriented companies makes us happy in terms of expanding exports to the base. In the January-July period, the number of exporting companies reached 80,000 with an increase of 10%.”
“THE AMOUNT OF PROJECTS UNDERTAKEN SINCE 1972 REACHED $428 BILLION”
Pointing out that as the Ministry, they work with great devotion to prevent time and resource losses in both domestic trade regulations and foreign trade policy and customs procedures, Mus said:
“At this point, we expect our business people, companies and entrepreneurs of all sizes to display more selfless behavior and to improve their competitiveness in production and export as if they were competing with themselves. It is a pleasing development that exports were realized in the shipping sector for the first time in July within the scope of the ‘Foreign Letter of Guarantee Program’, which was started to be implemented by Eximbank last year. In this field, we will provide more support to our manufacturers related to shipbuilding and yacht manufacturing.
Our Turkish contracting industry has undertaken work worth $6.6 billion in 6 months with 100 projects in 33 countries. Thus, the amount of projects undertaken since 1972, when our contractors went abroad, has reached $428 billion. I would like to underline that the first two countries with the highest number of projects undertaken this year are from outside our traditional export markets. Turkish companies undertook business for $1.3 billion in Zambia and $750 million in Slovenia. I would especially like to emphasize that our newly established General Directorate of International Service Trade will focus more on our work in this area in order to increase our service exports.”
Source: Sabah / Translated by Irem Yildiz