Landing from the Young TİM of Export to Latin America

TİM CHAIRMAN GÜLLE: $4.5 BILLION EXPORT TO LATIN AMERICA IN 10 MONTHS

Young TİM, which was implemented by Turkish Exporters Assembly (TİM) in order to increase the number of young exporters and to raise the young generation of the export people of the future, physically organized its first trade delegation to Latin America. Young TİM members, consisting of young exporters from all sectors working in Türkiye's leading companies, are in talks with Colombia and Panama that will create opportunities for new collaborations and sales and increase export figures. The trade delegation met with a great interest in bilateral talks.

Commenting on the Colombian&Panama Physical Trade Delegation, TİM Chairman İsmail Gülle said, "The main feature of export is that it cannot fit in kilometers and can be close to the distances. Latin America is a market where we keep our targets high in every sector. Our virtual trade delegations to these countries also received a lot of attention. Now we are reaping the fruits of our efforts. In the first 10 months of this year, compared to the same period last year, we exported 4 billion 507 million dollars to Latin America with an increase of 87 percent. I believe that with our delegation, our trade relations will improve further and reach the levels it deserves in such a period of transformation in supply chains."

Turkish exporter, which is the field workers of economy and trade diplomacy, has achieved historical successes by breaking records every month despite the coronavirus pandemic, while confidently advancing towards the export target of $300 billion with virtual and physical delegations. Turkish Exporters Assembly (TİM), the only umbrella organization of 100 thousand exporters with 61 exporter associations and 27 sectors, continues its efforts at full speed for the goal of "Türkiye Giving a Foreign Trade Surplus". In this context, TİM's Young TİM, which was established to increase the number of young exporters and develop young entrepreneurship in the business world, made landing in Latin America.

Great interest in The Türkiye-Colombia Business Forum

Accelerating its efforts to open young exporters to different markets, Young TİM held its first regional meeting in Denizli and organized its first foreign physical trade delegation for Colombia and Panama. Young TİM people who participated in the trade delegation organized by the Ministry of Commerce and TİM organization are in bilateral business meetings in these countries. At the Türkiye-Colombia Business Forum held in Bogota on November 9th, Young TİM members attracted great interest. The trade delegation was chaired by Young TİM Vice President Burak Önder.

"As TİM, we support our young people"

Commenting on the Colombian&Panama Physical Trade Delegation, TİM Chairman İsmail Gülle said, "As TİM, we are aware of the essence of our young people. For this reason, we have implemented Young TİM, where not only experienced exporters are examples to young people, but also young exporters will set an example for each other, encourage each other and share their experiences. Together with Young TİM, we aim to ensure sustainability in our export, to raise the young generation of the export people of the future, to increase the number of young exporters, and to develop young entrepreneurship in the business world."

"Our goals are high in Latin America"

Pointing to the importance of Latin America landing, Gülle said, "We want our trade relations with central and South American countries to be strengthened by putting aside distance barriers. The main feature of export is that it cannot fit in miles and can close the distances. In line with our export targets, we should add new ones to our existing markets and increase our effectiveness in the markets where we dominate with weight. Within the framework of the 'Action Plan for Latin and Caribbean Countries' implemented by our country since 2006, we, as TİM, continue to work in Latin American countries with our exporters. Latin America is a market where we keep our targets high in every sector. Our virtual trade delegations to these countries have attracted great attention. As TİM and Exporters' Associations, we worked tirelessly during the pandemic period and carried out 97 virtual trade delegations to 73 countries in 19 months. In each of our sectors, the Turkish brand is getting stronger as the demand for our exported goods increases."

"87 percent increase in Latin America in 10 months"

Emphasizing that the presence of direct flight points of Turkish Airlines in Latin America accelerates the activities of exporters, TİM Chairman Gülle continued, "Thus, we can get faster results in bilateral relations, which is the most important issue. In 2020, despite all the negative effects of the pandemic, we made our export to Latin America almost without loss. The share of our export to the region in our total export is 2.5% in the first 10 months of 2021... In 10 months, we exported 4 billion 507 million dollars, an increase of 87 percent compared to the same month of last year. During the same period, we sold $365.3 million worth of products to Colombia and $236.3 million to Panama. In the Latin American region, which has an economic size of 5.7 trillion dollars and a population of 646 million, we can do much better. I believe that with this delegation, our trade relations will improve further and reach the levels it deserves in such a period of transformation in supply chains.”

Önder: Steel industry at the top

Burak Önder, Vice President of Young TİM, said: "Young TİM was founded with many important committees under the leadership of TİM Chairman İsmail Gülle, from trade diplomacy to international cooperation, from e-export to export embassy. As the Young TİM of export, we organized the first trade delegation for Colombia and Panama. Colombia is Latin America's fourth most populous country by national income and area and the third most populous country with a population of more than 50 million. When we look at our sectors that export the most to Colombia, the steel sector, which increased its export by 511 percent compared to last year to $186 million, was the first, chemical substances that increased by 54 percent to $33 million were second and Textile sector, which exceeded 21 million dollars with an increase of 74 percent, came third. Our three sectors accounted for 68 percent of our exports to Colombia. When we examine Colombia's imports, we see that there are serious opportunities in sectors where our country is strong, such as Cereals, Pulses, Oilseeds and Products, Chemical Substances and Products, Electrical-Electronics Industry, Machinery Components, Defense and Aerospace Industries. In addition, according to the study we carried out as TİM, our country has a competitive advantage in a total of 1559 products. When we look at the import of these products in Colombia, Colombia has an import of more than 11.5 billion dollars in these products. Imports from Türkiye are limited to only $208 million in this product group. We do not have any export to Colombia in the 919 product groups that we have an advantage in. We have a great potential market for us that we must evaluate."

"There is serious potential in Panama, especially in food products"

Stating that Panama is an important market by providing access to all Central America and the Caribbean through the Colon Free Zone, Önder said, "Colon offers access to a wide market network of countries where consumption is increasing. In the country, which was heavily affected by the pandemic last year, imports fell 46 percent to $14.7 billion. In the country where the effect of the pandemic has decreased relatively this year, it is estimated that even the old figures will be exceeded next year. When we look at our most exporting sectors to Panama, the steel sector, which increased its exports by 167 percent compared to last year to $55 million, the Jewelry sector, which increased by 366 percent to $29 million, came second and our Ship and Yacht sector, which reached $18 million with an increase of 170 percent, came third. Our three sectors accounted for 24 percent of our exports to Panama. Panama has serious potential, especially in the food products area. In addition, according to the study we carried out as TİM, our country has a competitive advantage in a total of 1559 products."

EXPORT DATA FOR THE FIRST 10 MONTHS OF 2021 (TOP 9 COUNTRIES)

Brazil: $919.2 million

Mexico: $668.6 million

Peru: $518 million

Chile: $511.1 million

Colombia: $365.3 million

Panama: $236.3 million

Venezuela: $230.4 million

Argentina: $191.2 million

Dominican Republic: $185.2 million

RANKING OF THE SECTORS IN THE FIRST PLACE IN EXPORT TO THE UNITED STATES

Steel

Chemicals and Products 

Cereals, Pulses, Oilseeds and Products

Automotive Industry

Machinery and Components

Cement Glass Ceramics and Soil Products

Textiles and Raw Materials

Furniture, Paper, and Forest Products

Electrical-Electronics

Ship and Yacht

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