In October, exports increased by 13.1 percent compared to the same month of the previous year and rose 15.7 billion dollars. Thus, Turkey broke the highest monthly export record in its history.
Chairman of TIM İsmail Gülle said followings during his opening speech:
“We gave a special present to our country with the highest monthly export value of all time, after the Istanbul Airport which actualized in the 95th anniversary of our republic. We are proud of breaking a new record. 2018 is the record year as we expected. With the exception of the months of June and August, we broke a record every month. I congratulate all our exporters and wish them a continued success.”
October export figures were announced by the Minister of Trade Ruhsar Pekcan, Adana Governor Mahmut Demirtaş, Adana Metropolitan Municipality Mayor Hüseyin Sözlü, Chairman of TIM İsmail Gülle, Chairman of ADASO Zeki Kıvanç and Coordinator Chairman of AKİB Ali Uğur Ateş at a press conference in Adana.
Accordingly, in October, exports increased by 13.1 percent compared to the same period last year and rose to 15.7 billion dollars. Thus, we exceeded the export figure of 15.5 billion dollars in March 2018 and broke the highest monthly export record in our history.
Exports have reached 166,8 billion dollars in yearly basis
Exports increased by 7,9% and reached 166,8 billion dollars in yearly basis while it grew by 7,6% and reached 138,8 billion dollars in the first 10 months of the year
Export/Import Coverage Ratio at the peak of the last 20 years
In October, our exports amounted to 15,7 billion dollars, while our imports amounted to 16,3 billion dollars. Accordingly, Export/Import Coverage Ratio rose 96.7 percent and reached the peak of the last 20 years.
Export Figures on Quantitative Basis Continued to Rise
In October, export figures on quantitative basis increased by 25.1 percent and rose 12.6 million tons which is the second highest export amount so far.
Automotive Sector Maintained its Leadership
In October, automotive was the leading sector with 2.9 billion dollars. The sector's exports increased by 11,1 percent compared to the same month of the previous year. Automotive was followed by chemicals with 1,6 billion dollars and apparels with 1,6 billion dollars.
Far East Wind of Steel Industry Continues to Blow
Steel sector, which attracted attention with its expansion into the Far East market, increased its exports to the Far East countries by 262 percent in October, especially in Hong Kong, Singapore and the Philippines.
Germany Kept Its First Place
Turkey's exports to 159 countries and regions increased in October. Germany is in the first place with 1,5 billion dollars. Germany was followed by UK with 1,1 billion dollars, Italia with 879 million dollars and Iraq with 853 million dollars.
The best performance in increase was in Kastamonu
Top five provinces in exports were; Istanbul with 6,9 billion dollars, Kocaeli with 1,3 billion dollars, Bursa with 1,2 billion dollars, İzmir with 884 million dollars and Ankara with 706 million dollars. The highest increase in exports was achieved by Osmaniye with five-fold increase. Also in October, 1611 firms joined the export community for the first time.