First Target of $250 Billion Achieved
Turkish Exporters Assembly (TİM) announced export data for January 2022. In January, exports were $17.6 billion with an increase of 17.3 percent from the same month last year. With this figure, the highest January export figure in history was reached. The intense interest of the companies in exports continued to be reflected in the number of exporters in 2022. In January, 1,516 companies joined the export family by exporting for the first time. Exporters who managed to fly the Turkish flag in 219 countries and regions increased their exports to 153 countries. The top 3 countries, where our exporters export the most, became Germany was with $1.6 billion, the United States with $1.2 billion, and Italy with $1 billion. The automotive sector, which exported $2.2 billion in January, came in the first place, the chemicals sector, which reached $2.1 billion, came in second and the steel sector, which exceeded $1.6 billion, came in third.
Commenting on the export figures, TİM Chairman İsmail Gülle said, "In 2021 alone, our export family set a record of 348 based on the province, country, sector, and month. Just as 2020 will be remembered with the pandemic, 2021 will be remembered with the records in our export. As a result of these achievements, our esteemed President set a new goal for our export family at our annual foreign trade evaluation meeting last month. Target is $250 billion. To achieve this goal and meet larger orders, we need to implement economies of scale in every sector. Because this is a target that requires more production, more investment, and puts economies of scale at the center of production."
The Turkish exporter, who are the field workers of Türkiye's economy and trade diplomacy, renewed its export records every month despite the pandemic and set four more records according to November data. The Turkish Exporters Assembly (TİM), the only umbrella organization of more than 100,000 exporters with 61 Exporters' Associations and 27 sectors, working to grow the economy and become one of the world's giants, announced the foreign trade data for January with the participation of Trade Minister Mehmet Muş at a meeting in Ankara. In 2021, the export family set a record of 348 in terms of provinces, countries, sectors, and months, and started January with a new record. According to the General Trading System (GTS); January export reached $17.6 billion with an increase of 17.3 percent compared to the same month of the previous year. With this figure, the highest January export figure in the history of the Republic was reached. Thus, the first step was successfully taken for the export target of 2022, 250 billion dollars.
348 records in 1 year
Commenting on the export figures for January, TİM Chairman İsmail Gülle said: "Our export family achieved a record with a historic performance in the first month of the new year. In January, our exports were $17.6 billion with an increase of 17.3 percent compared to the same month last year. With this figure, we managed to reach the highest January export figure in our history. I wholeheartedly congratulate each member of our export family who signed this successful performance. 2021 was the year that a success story was written that will be remembered as a turning point in our export even after many years. In just one year, our export family has set a record of 348 based on province, country, sector, and month. Just as 2020 will be remembered with the pandemic, 2021 will be remembered with the records in our export. As a result of these achievements, our esteemed President set a new goal for our export family at our annual foreign trade evaluation meeting last month. Target is $250 billion. To achieve this goal and meet larger orders, we need to implement economies of scale in every sector. Because this is a target that requires more production, more investment, and puts economies of scale at the center of production."
1,516 companies said "Hello to export"
Underlining that as the Turkish Exporters Assembly, they believe wholeheartedly that every company can be an exporter, Gülle said, "If there is export, there is production, there is employment, there is hope. For this reason, we continue our projects continuously to bring new members to our family. The intense interest in export by our companies continues to be reflected in our number of exporters in 2022. 1,516 of our companies joined our export family by exporting for the first time this month. 333 of our 1,516 companies operate in the furniture sector, 331 in the chemical materials sector, and 280 in the ferrous and non-ferrous metals sector. This month, the number of exporting companies was 42,494."
$2.1 billion monthly increase target
Stating that very important consolidation works have been carried out in some sectors recently, Gülle said, “We appreciate the unity of our sectors to respond to larger orders. Last year we successfully evaluated the breakdown in global supply chains. To reach our new export target, we need to increase our export by an average of 2.1 billion dollars each month. Thankfully, we did it in the first month of the year. With the rise in our export, large volumes of jobs and rising costs bring with them greater financial responsibilities and needs."
IGE will start operations in March
Gülle noted that with the launch of the Export Promotion Fund (HDI) in March, the problem of our exporters' access to finance would be largely resolved. Gülle said, 'Under the leadership of our esteemed President, with the support of our Minister and our Government, and with the hard work of more than 100 thousand exporters, we will certainly exceed the 250 billion dollar target at the end of the year.'
Most export in the Automotive, highest increase in Steel
Sharing details about the export figures, Gülle said: "When we look at the details of our figures, we see that 23 sectors have increased their exports. Our automotive sector, which exported $2.2 billion this month, ranked first, our chemicals sector, which reached $2.1 billion, came in second, and our steel sector, which exceeded $1.6 billion, came in third. The most notable increases in sectoral terms were steel, which increased its export by $578 million compared to last year, chemicals that increased by $495 million, and iron and non-ferrous metals, which increased by $366 million. I congratulate all our sectors for their successful performance."
Export increase to 153 countries
Saying that this month, our exporters managed to fly the flag of our country in 219 countries and regions, Gülle said, “The top 3 countries, where our exporters export the most, became Germany was with $1.6 billion, the United States with $1.2 billion, and Italy with $1 billion. The countries where we increased our exports the most in terms of amount were the USA with an increase of 303 million dollars, Egypt with an increase of 190 million dollars, and Iraq with an increase of 189 million dollars. When we look at export according to the country groups, we see that it has gained 41.6 percent of the volume of 7.3 billion dollars, with an increase of 14 percent from our largest market, the European Union. When we included other European countries other than the EU, the European continent's share of our January export was 54.3%. In other countries, we exported $3 billion to Near and Middle Eastern countries, $1.9 billion to the entire African continent, $1.4 billion to North America, and $1.2 billion to Far Eastern countries."
7.8 percent increase in quantity basis
Pointing out that the exports based on quantity increased by 7.8 percent to 13 million tons, Gülle said, “Besides, a very positive momentum continues in our export unit price. Our unit export value increased by 9 percent compared to the same period of the previous year and rose to $1.35. Our sectors that increased the unit export value the most this month are Electric-Electronics with 83 percent, Defense and Aerospace with 58 percent, and Steel with an increase of 49 percent. As our value-added and branded export increase, the value of our products will increase even more.”
62 provinces increased their exports
Noting that 62 provinces increased their exports in January, Gülle said, "Our top 3 exporting provinces were respectively İstanbul with $7 billion, Kocaeli with $1.5 billion, and Bursa with $1.2 billion. Apart from these cities, our other provinces that attracted attention with the increase in exports were İzmir, which increased its exports by 265 million dollars, and Ankara, which increased by 137 million dollars. According to the declarations filed with Turkish Lira, a total of 7.5 billion Turkish Lira was exported to 180 countries. In January, export with the Turkish Lira increased by 59 percent. The use of local currencies in bilateral trade continues to be important for the coming period."
"Ensuring energy supply security is more important today than ever"
Noting that as a result of the latest figures in 2021, global trade is expected to exceed 21 trillion dollars with an increase of 22.4 percent, Gülle concluded his words as follows: “Türkiye, on the other hand, positively differentiated from its competitors and increased its exports by 33 percent in the same period. This 10 percent difference is a concrete indication of how well we are assessing the breakdown in global supply chains. We are very pleased that our export continues to rise in the new year. In addition to these positive developments, the common problems that the whole world is struggling with are the risks in 2022. Forecasts for global commodity trade for 2022 point to a maximum increase of 5 percent. In this sense, we must maintain the gains we made last year. On the other hand, rapidly rising global inflation is a serious problem for the whole world. In 2021, inflation reached the peak of the last 39 years in the United States, the last 30 years in Germany, and the last 25 years in the Eurozone. Factory output prices in China have climbed to a 26-year high. Commodity prices continue to rise in 2022. Brent oil reached its highest levels since 2014, cotton and nickel in 2011. The Baltic Dry load index hit a 10-year high in 2021. Similarly, energy costs are at their highest in years. Adding to the fluctuations in energy markets, adverse weather conditions in many parts of the world, and political tensions in producing countries have seen gas prices in the global market hit their peak in 13 years. Ensuring energy supply security is more important today than ever. Our government is working on it. Our president has also announced that the partial power cut will be fully lifted soon. I would like to express our gratitude to our esteemed President and Government for their support to our export family. Hopefully, we will overcome these problems in a short time and move on even stronger."