Turkey- Turkish exports go up first time in 14 months
(MENAFN- The Journal Of Turkish Weekly) Turkey's exports have increased slightly in February compared with the same period last year after 14 months of decline the Exporters’ Assembly of Turkey (TIM) reported on Tuesday.
Exports totaled $10.8 billion last month which is an increase of 3.1 percent year-on-year while it reached $20.4 billion in the first two months of the year which is a decline of 16.9 percent compared with the same period last year according to TIM.
Turkey’s exports affected negatively amid dramatic fluctuations in euro-dollar parity it said.
“The negative effect of the euro-dollar parity was around $128 million over exports in January” the assembly said.
Turkey’s total exports within the last 12 months stood at $139.7 billion down by 10.8 percent compared with the same period last year.
The largest volume of exports was made by the country’s automotive industry in the month with almost $2 billion worth of exports followed by the ready-made clothing sector with $1.42 billion and the chemical materials and products sector with $1.14 billion according to the data released by TIM.
Germany Italy France U.K. and Iraq were the largest export markets for Turkey in February.
The country’s exports to Italy increased by 15.7 percent to Germany by 13.1 percent and to France by 12 percent in January compared with the same month in 2015.
Turkish exports to Iraq declined by 5.8 percent.
The largest increase in the country’s exports among the top 30 markets was seen in Ukraine with an increase of 47 percent followed by Egypt by 46.7 percent and Greece 40 percent.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.