TİM CHAIRMAN GÜLLE: WE ARE VERY CLOSE TO THE GOAL OF 'TÜRKİYE GIVING A FOREIGN TRADE SURPLUS'
Turkish Exporters Assembly (TİM) announced the November export figures. According to the data announced, the Turkish exporter set export records of November, all-time monthly export, the last 12 months, and the first 11 months of the year. Türkiye's November export reached $21.5 billion with an increase of 33.4 percent compared to the same month last year. In the first 11 months of the year, the Turkish exporter exported $203.1 billion, with an increase of 34 percent compared to the same period of 2020 and exceeded its annual target of $211 billion with $221 billion in export in the last 12 months. The export family has broken Republic historical records in 11 of the last 12 months.
In November, 24 sectors increased their exports compared to the same month last year, Automotive topped the sectors with $2.5 billion in exports. The most notable increases were in the jewelry sector, which increased its export by $968 million compared to last year, in Steel, which increased by $840 million, and in Chemical Substances, which increased by $768 million. The export family, which flew the Turkish flag in 215 countries and regions, succeeded in increasing its export to 166 countries; It set a monthly export record in 13 countries, including Germany, Italy, Israel, Egypt, and China. While 72 provinces increased their exports, 11 cities reached the highest monthly export figures in their history. Last month, 1,800 companies exported for the first time. 17,000 companies exporting for the first time since New Year's Day added value of $3.1 billion to Türkiye. The unit export value rose 24.5 percent to $1.44 in November from the same period last year. It was made export a total of 7.8 billion Turkish Lira to 188 countries in Turkish Lira. In November, export in the Turkish Lira increased by 53 percent.
TİM chairman İsmail Gülle said, "We have exported 221 billion dollars in the last 12 months.
We have already exceeded our annual export target and are even taking firm steps towards the 2022 target. This is a clear indication that we have achieved sustainable growth in export. 10 years ago, the ratio of our export to import was 50-60 percent on monthly basis, compared to over 80 percent since The New Year. We have even had months where we have exceeded 90 percent. There is a serious shift in demand for our country. Our pioneering projections show that we are perhaps closer than ever to the goal of 'Türkiye With a Foreign Trade Surplus'. Today, we see once again that the prosperous tomorrows of our country have intersected with the future of our export. We found that about 60 percent of the increase in export was due to the transformation in global supply chains. In particular, there is a very significant rise due to this transformation in the Textile, Apparel, Chemical, Iron and Steel, and Machinery sectors."
The Turkish exporter, which is the field workers of Turkish economy and trade diplomacy, renewed its export records every month despite the pandemic and set 4 more records according to November data. Turkish Exporters Assembly (TİM), the only umbrella organization of more than 100,000 exporters with 61 Exporters' Associations and 27 sectors and working for the growth of the economy and being among the world's giants, announced the foreign trade data for November with the participation of Trade Minister Mehmet Muş at a meeting in Ankara. According to the General Trading System (GTS); November's export reached $21.5 billion, up 33.4 percent from the same month the previous year. So, it was broken the all-time monthly record. Turkish Exporter, which made history with its monthly export of all time, export in the last 12 months and the first 11 months of the year, broke the historical records of the Republic in 11 of the last 12 months.
"Türkiye Will Rise with Export"
TİM Chairman İsmail Gülle, who evaluated the third-quarter growth figures before mentioning the November export figures, said, "Our country made a difference with its growth performance of 7.4 percent in the third quarter of the year. With this figure, we have grown continuously in the last five quarters. We have also come to the forefront among the world economies. In the third quarter of the year, we became the second-largest growing country among the G20 countries. The contribution of export to growth was five points and the net export contribution was 6.8 points. That is, behind this growth figure is net export at 92.3 percent. Today, we see once again that the prosperous tomorrows of our country have intersected with the future of our export.”
“We always say: Türkiye will rise with export! We are proud of our contribution to our country's economy. We are grateful to all our export families who have grown the Turkish economy with their production, services, and exports. As Gazi Mustafa Kemal Atatürk, the founder of our Republic, said, 'Someone who loves his country the most is the one who does his duty best.' More than 100 thousand of our exporters, with love for their homeland, are fulfilling all their responsibilities by breaking record after record by not leaving a single country that is no steps were taken. We, as ever, continue to produce for this country, to add value to our national wealth and we will continue to fly our flag proudly all over the world.”
"The ratio of export to import is over 80 percent on monthly basis"
Gülle emphasized that when they took office in 2018, they set their macro targets as "Türkiye With a Foreign Trade Surplus". We have moved our country to a new league in the global trade arena. Ten years ago, the ratio of our export to import was 50-60 percent on monthly basis, compared to over 80 percent since The New Year. We have even had months where we have exceeded 90 percent. Our pioneering projections show that we are perhaps closer than ever to the goal of 'Türkiye With a Foreign Trade Surplus'. We are working hard to achieve this goal."
"60 percent of the increase in export is from the transformation of global supply chains"
Stating that they found that about 60 percent of the increase in export was due to the transformation in global supply chains, TİM chairman Gülle said: "In particular, there are very significant increases due to this transformation in the Textile, Ready-to-Wear, Chemical, Iron and Steel, and Machinery sectors. The Turkish exporter gained the trust of the whole world by not disrupting production and not disrupting supply chains even during the most difficult periods of the pandemic. First, to our President, who has led our export to reach these days with his vision and who accepts us as companions of his path and destiny; to our Minister of Commerce who always supports us; we sincerely thank all our members of the government for their support to export and exporters. We anticipate that this increase due to the transformation in global supply chains will be long-lasting and permanent.
"There is a serious demand shift for our country"
In addition to the advantages of its geographical location, Türkiye has a relative advantage over competitors in the costs incurred due to the global logistics crisis. Especially due to the continuing energy crisis in Europe, we are in an advantageous position compared to our competitors in energy-intensive sectors such as iron and steel. Because Türkiye stands out from its competitors both with its effective energy infrastructure and the prevalence of renewable energy sources. For this reason, there is a serious demand shift for our country in all sectors, especially energy-intensive sectors. In addition to these gratifying developments, it is possible to increase the export increases and growth figures we have announced today exponentially by introducing new investments, rapidly moving to sustainable production, completing green transformation in the industry as soon as possible, safely expanding digitalization, devoting more resources to innovation, design, technology, and branding."
"We have signed $221 billion of export in the last 12 months"
Underlining that they reached a record by performing historically in November after the first 10 months they finished with records in export, Gülle said, "In November, our exports were 21.5 billion dollars, with an increase of 33.4 percent compared to the same month last year. With this figure, we managed to reach the highest monthly export figure in our history. Thus, in the first 11 months of the year, our export increased by 34 percent to $203.1 billion. In the last 12 months, we have exported 221 billion dollars. We have already exceeded our annual export target. We are taking firm steps towards the 2022 target. This is a clear indication that we have achieved a sustainable increase in export and are one step closer to our goal of 'Türkiye Giving a Foreign Trade Surplus'."
"Jewelry sector increased its export by $968 million"
İsmail Gülle, who stated that 24 sectors increased their exports in November, gave the following information: "Our automotive sector, which exported $2.5 billion, ranked first. Our Chemicals sector, which reached $2.4 billion, came in second and our Steel sector, which exceeded $2 billion, came in third. The most notable increases in sectoral terms were in jewelry, which increased its export by $968 million compared to last year, in Steel, which increased by $840 million, and in Chemical Substances, which increased by $768 million. Our Chemicals, Jewelry, Furniture, Defense and Aviation, and Aquaculture and Animal Products sectors carried out the highest export in their history this month.
"Our unit export value is increasing"
We also see a very positive acceleration in our export unit price. Our unit export value increased by 24.5 percent to $1.44 compared to the same period last year. Our sectors that increased the unit export value the most this month were Iron and Non-Ferrous Metals with 178 percent, Ship and Yacht with 105 percent, and Steel sectors with 71 percent. As our value-added and branded exports increase, the value of our products will increase even more. In November, our export in terms of quantity increased by 7.2 percent compared to last year to 14.9 million tons. In the first 11 months, we exported 159 million tons with an increase of 14.5 percent.
"Export to 166 countries increased, record sales to 13 countries"
Last month, we flew the Turkish flag in 215 countries and regions. We have succeeded in increasing our export to 166 countries. We have set a monthly export record in 13 countries, including Germany, Italy, Israel, Egypt, and China. The top three countries, where our exporters export the most, became Germany with $1.8 billion, the United Kingdom with $1.5 billion, and the United States with $1.4 billion. The countries, where we increase our export the most in terms of amount, became the United States with an increase of $462 million, the United Kingdom with an increase of $389 million, and Italy with an increase of $323 million. We see that our export to the European Union (EU-27), our largest market according to the country groups, increased by 28 percent and reached a volume of 8.6 billion dollars and took a 40 percent share. When we gather other European countries other than the EU, the share of the European continent in our November exports is 55%... In other country groups, we exported $4 billion to Near and Middle Eastern countries, $2 billion to the entire African continent, $1.5 billion to North America, and $1.5 billion to Far Eastern countries.
72 provinces increased their exports; 11 provinces set records
72 provinces increased their exports. 11 provinces; İstanbul, Çorum, Adana, Yalova, Zonguldak, Eskişehir, Malatya, Osmaniye, Kütahya, Uşak and Diyarbakır realized the highest monthly exports in their history in November. The top three provinces, which exported the most this month, respectively İstanbul with $8.7 billion, Kocaeli with $1.5 billion, and Bursa with $1.4 billion, became. Apart from these cities, our provinces that attracted attention with their increase were Çorum, which increased its export by 249 million dollars, and İzmir, which increased by 244 million dollars.
Export to 188 countries in Turkish Lira
According to the declarations filed in Turkish Lira, a total of 7.8 billion Turkish Liras was exported to 188 countries. In November, export with the Turkish Lira increased by 53 percent. 7,904 of our companies preferred Turkish Lira in export transactions.
The number of companies which begin new to export is also increasing
TİM continues its projects continuously to bring new members to the export family. In this context, TİM meets with exporters and exporter candidates all over Anatolia within the framework of the SME Export Mobilization Program. The strong interest of the companies in export was reflected in the number of exporters in November. 1,800 companies exported for the first time this month. New firms exported $124 million last month. With this figure, 17,000 companies exporting for the first time since The New Year added value of $3.1 billion to Türkiye. The total number of companies exporting since New Year's Day has exceeded 90 thousand.