Business

Turkiye: Record January-May exports from the agriculture group

The agriculture group maintained its strong performance in an environment where global access to food became difficult and countries imposed export restrictions and realized the highest January-May export in the history of the Republic with $13 billion 495 million.

According to the information compiled from the data of the Turkish Exporters Assembly (TIM), Turkiye’s exports increased by 20.4% in the January-May period compared to the same period of the previous year, reaching $102 billion 504 million.

Turkiye’s foreign sales reached $18 billion 972 million in May with an increase of 15.2% compared to the same period of the previous year.

With increasing geopolitical risks and especially sharp fluctuations in agricultural commodities, the agriculture group maintained its strong performance in an environment where global food access became difficult and countries imposed export restrictions.

The agriculture group realized the highest January-May export in the history of the Republic with $13 billion 495 million. While exports increased by 22.3% in the 5 months of the year compared to the same period of the previous year, its share in Turkiye’s total exports was 13.2%.

6 sectors achieved record exports

The agricultural sector set a record with 6 sectors in the January-May period.

In this period, cereals, pulses, oil seeds and products made the highest January-May export sales of all time with $4 billion 469 million, fruit and vegetable products with $970 million 739 thousand, dried fruits and products with $637 million 75 thousand, ornamental plants and products $75 million 668 thousand, aquaculture and animal products $1 billion 683 million, furniture, paper and forest products $3 billion 322 million.

Compared to the same period of the previous year, in the 5 months of the year, exports of cereals, pulses, oil seeds and products increased by 32.3%, fruit and vegetable products by 30.9%, dried fruits and products by 11.2%, aquaculture and animal products by 38%. Furniture, paper and forestry products recorded a 28% increase in exports. The foreign sales of the ornamental plants and products sector, on the other hand, increased by $6 thousand on a value basis.

The export of the olive and olive oil sector increased by 48% to $167 million 317 thousand, and the export of the tobacco sector increased by 2.9% to $280 million 57 thousand.

On the other hand, exports of fresh fruit and vegetables and hazelnut and products sectors decreased.

In the January-May period, exports of the fresh fruit and vegetable sector decreased by 1% to $1 billion 164 million, and the export of the hazelnut and its products sector decreased by 18.5% to $723 million 576 thousand.

Most demand came from Iraq

Four of the 10 sectors affiliated to the agriculture group exported the most to Iraq.

Exports to Iraq were $888 million 781 thousand from cereals, pulses, oil seeds and products, $38 million 17 thousand from the tobacco sector, $312 million 309 thousand from aquaculture and animal products, $394 million 763 thousand from furniture, paper and forest products.

$87 million 486 thousand of dried fruits and products, $186 million 379 thousand of hazelnuts and their products, $156 million 470 thousand of fruit and vegetable products to the USA, $186 million 379 thousand of hazelnuts and their products were exported to Germany.

Fresh fruit and vegetable sector exported $289 million 161 thousand to Russia and $23 million 714 thousand to the Netherlands for ornamental plants and products.

Source: Trthaber / Translated by Irem Yildiz

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