Four Records in the 98th Year of the Republic

TİM CHAIRMAN GÜLLE: WE ARE GROWING AND STRENGTHENING WITH EXPORT

Turkish Exporters Assembly (TİM) announced the October export figures. According to the data announced, Turkish exporters set the export records of October, all-time monthly export, the last 12 months, and the first 10 months of the year. In October, the 98th anniversary of the proclamation of the Republic, Türkiye's export reached $20.8 billion, an increase of 20.2 percent compared to the same month last year. This figure was also the highest monthly export in the history of the Republic. The export family, which once again crossed the $20 billion thresholds in October after September, exported $181.8 billion in the first 10 months of the year, with an increase of 34 percent compared to the same period last year. The Turkish exporter, the field workers of trade diplomacy, has once again exceeded its annual target of $211 billion with the export of $215.7 billion in the last 12 months.

In October compared to the same month last year; 22 sectors increased their exports. The automotive sector topped the list with $2.6 billion in export. The export family, which flew the Turkish flag in 217 countries and regions, succeeded in increasing its export to 157 countries; It set a monthly export record in 15 countries, including Italy, Israel, Greece, Senegal, and Canada. While 61 provinces increased their exports, nine provinces reached the highest monthly export figures in their history. While 2,477 companies exported for the first-time last month, the number of companies participating in export for the first time since The New Year exceeded 87 thousand.  In October, the companies that said "hello" to exports exported $107 million. It was carried out the export worth of 6.6 billion Turkish Liras to 171 countries in Turkish Lira.

TİM Chairman İsmail Gülle said, "Despite the negative impact of the period, October was the month of records. The current momentum shows that we will push the level of 220 billion dollars. Export is a project that is the product of the republic. We are confidently moving towards our 100th-year target of $242 billion in the Medium-Term Program. With the current momentum, hopefully, we will reach this figure before the 100th year of the Republic. At the end of the year, according to the assessment of many international organizations, our country will close the year with nine percent growth. 2 points of this growth are directly from exports, three points will come from the increase in industrial production triggered by exports and one point from new investments that are also rising with exports. In other words, we are growing with export, we are strengthening with export." 

Despite the harsh conditions of the pandemic that has shaken the world economies deeply, the Turkish export family, which started 2021 with a record by showing its ability to produce in all conditions and supplier power, continues to set an all-time monthly export record every month. While in 10 of the last 12 months, the export record has been broken, Türkiye's share of world export has risen above one percent for the first time in the history of the Republic. The export family, which has exceeded the threshold of $200 billion and $20 billion per month in the last 12 months, achieved historic success by exporting all-time monthly in October, the 98th anniversary of the Republic's declaration, as it does every month. According to the data announced, Turkish exporters set the export records of October, all-time monthly export, the last 12 months, and the first 10 months of the year.

Turkish Exporters Assembly (TİM), the only umbrella organization of 100 thousand exporters with 61 exporters' associations and 27 sectors, working to grow the Turkish economy and become one of the world's giants, announced the foreign trade data for October with the participation of Trade Minister Mehmet Muş at a meeting in Ankara. According to the General Trading System (GTS); Export reached $20.8 billion in October, with an increase of 20.2 percent compared to the same month of the previous year. Thus, the export family set an all-time monthly export record. In the first 10 months of the year, the Turkish exporter, who exported $181.8 billion with an increase of 34 percent, in the last 12 months, has succeeded in exceeding its annual export target of $211 billion with $215.7 billion.

We are moving on to the target of $220 billion confidently

Pointing out that each sector is showing a successful export performance in October, when the 98th anniversary of the Republic was proudly celebrated, TİM Chairman İsmail Gülle, "Our exporters gave us a double holiday with the monthly export record of the Republic history they reached. In October, our exports were $20.8 billion, with an increase of 20.2 percent compared to the same month last year. With this figure, while signing the highest monthly export figure in our history, we once again exceeded the limit of 20 billion dollars and registered that we have reached a new league in export. I am proud to say that despite the negative impact of the period this figure is the highest export figure in our history. With this record, our export for the Period of January-October reached 181.8 billion dollars. In the last 12 months, we have already exceeded our annual export target of 211 billion dollars by exporting 215.7 billion dollars. So much so that we have set export records in 10 of the last 12 months. Thus, we have already achieved our goal in the Medium-Term Program. We are proud of our export family.  We have successfully surpassed an important milestone for our year-end goals. Our year-end target was $211 billion; the current momentum shows that it will easily exceed this figure; We are even going to push the $220 billion level. We will continue to work continuously for "Türkiye Rising with Exports" and to realize all our goals one by one. Export is a project that is the product of the republic. While exporting $50.8 million in the first year of our Republic, we managed to exceed $1 billion in the 50th year, $10 billion in the 64th year, $100 billion in the 84th year, and $215 billion in the 98th year. We are taking firm steps towards our 100th Anniversary target of $242 billion in the Medium-Term Program. With the current momentum, I hope we will reach this figure before the 100th year.” he said.

"Automotive is on top; 22 sectors increased their exports"

Giving information about the performance of the sectors in October, Gülle said, " 22 sectors increased their exports. The Automotive sector, which exported $2.6 billion, ranked first place, the Chemical Substances sector, which reached $2.3 billion, came in second place (up 34.4 percent) and our Steel sector, which approached $2.3 billion, came in third (up 108 percent). We also see a very positive acceleration in our export unit price. Our unit export value increased by 16 percent to $1.38 compared to the same period last year. Our sectors that increased their unit export values the most this month were Ship and Yacht with a 72 percent increase, Steel with 68 percent increase, and Chemicals sectors with an increase of 33 percent. As our value-added and branded exports increase, the value of our products will increase even more. The most notable increases in sectoral terms were Steel, which increased its exports by $1.2 billion compared to last year, Chemical Substances, which increased by $591 million, and Iron and Non-Ferrous metals, which increased by $344 million. Our cereals sector reached the highest export figure in its history, exceeding 903 million dollars."

"We flew the Turkish flag in 217 countries and regions"

Emphasizing that in October, on quantity basis export increased by 3.3 percent compared to the same month of the previous year, and realized as 15.1 million tons, and in the first 10 months, 144.2 million tons were exported with an increase of 15 percent, Gülle continued as follows, "In October, our exporters managed to fly the flag of our country in 217 countries and regions. We have succeeded in increasing our export to 157 countries. We have set a monthly export record in 15 countries, including Italy, Israel, Greece, Senegal, and Canada. The top three countries, where our exporters export the most this month, were Germany with 1.7 billion dollars, the USA with 1.3 billion dollars, and the UK with 1.2 billion dollars. The countries, where we increase our exports the most in terms of amount, were The United States with an increase of $341 million, Spain with an increase of $267 million, and Italy with an increase of $194 million. When we look at export according to the country groups, we see that our export to the European Union (EU-27), our largest market, increased by 18 percent, reaching a volume of $8.6 billion and taking a 41 percent share. When we gathered other European countries other than the EU, the share of the European continent in our exports in October was 55%. This month, in other European countries groups, we carried out export of 3.6 billion dollars to Near and Middle Eastern countries, $2 billion to the entire African continent, $1.4 billion to Far East countries, and $1.5 billion to North America."

61 cities increased their exports

TİM Chairman İsmail Gülle stated that 61 provinces have increased their exports, "İzmir, Ankara, Mersin, Adana, Çorum, Zonguldak, Aydın, Diyarbakır, and Niğde realized the highest monthly exports in their history in October. Congratulations to all our provinces for this successful performance. The top three provinces that exported the most this month were respectively İstanbul with $8.1 billion, Kocaeli with $1.6 billion, and Bursa with $1.3 billion. In addition, the performance of İzmir, which increased its exports by 250 million dollars, and Hatay, which increased its exports by 212 million dollars, were very valuable."

"Exports made in Turkish Lira and the number of exporters are increasing"

Noting that the number of companies saying 'Hello' to export and export made in Turkish Lira have also increased, Gülle said: "In October, 2,477 of our companies joined our family by exporting for the first time this month. Our new companies exported $107 million in October. Since New Year's Day, the number of exporting companies has exceeded 87 thousand. The total exports of 15,141 companies exporting for the first time in 10 months were 2.6 billion dollars.  The impact of last month's decrease in euro/dollar parity on exports was $180 million in the negative direction. However, looking at the overall year, we see a positive $3.6 billion impact. On the other hand, trade in local currencies is becoming more and more important. According to the declarations filed with Turkish Lira, a total of TL 6.6 billion was exported to 171 countries. 7 thousand 389 of our companies preferred Turkish Lira in their export transactions. Congratulations to our companies. We will continue to support local currencies in bilateral trade."

"For us, a stable exchange rate means stable export"

Referring to the contribution of export to growth, "Our exporters have never been in favor of a speculative increase in exchange rates. Also, our exporters have never had a demand or expectation regarding the rise in exchange rates. For us, a stable exchange rate means stable export. The numbers also clearly show that regardless of the exchange rate, we continue to break records in exports. We are a huge family working for production, for employment, for the prosperous future of this country. At the end of the year, according to the assessment of many international organizations, our country will close the year with nine percent growth. 2 points of this growth are directly from exports, three points will come from the increase in industrial production triggered by exports and one point from new investments that are also rising with exports. So, we are growing and strengthening with export." he said.

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