New Record in February Exports

Turkish Exporters Assembly (TİM) announced the provisional foreign trade data for February. In February, exports renewed the record with $ 14.7 billion, increasing 2.3 percent. Annualized exports reached $ 182.1 billion.

TİM Chairman İsmail Gülle said, “Despite all the global and regional developments and uncertainties, Turkey started the new year with 2 new export records.”

We are taking every precaution to overcome the crisis

Commenting on the corona virus outbreak, which became a global threat, İsmail Gülle said, “The virus has already caused a slowdown in the global economy and trade and disruptions in the supply chain. We are working intensively on proactive solutions in order to maintain Turkish export products' supply. We will continue to take every precaution to ensure Turkish exports' survival in this process with the least damage.”

In February, 1555 companies joined the export family

In the details of February exports, 1,555 new companies exported their goods for the first time in February. These companies, which have just started exporting, realized an export of $127 million.

Automotive industry continued its leadership

The automotive industry was the leader of February, with a sum of $2.52 billion. Apparel sector followed automotive with $1.52 billion dollars and chemicals placed 3rd with $1.51 billion. The exports of 7 sectors increased more than 10 percent. In the first 2 months of the year, 21 sectors succeeded in increasing their exports.

In February, Turkey exported to 207 countries and regions. While exports to 122 of these countries increased, the increase in 80 countries was over 10 percent and in 38 countries it was over 50 percent. The top 3 most exported countries were Germany with $ 1.3 billion, Iraq with $ 906 million and the United Kingdom with $ 856 million. While the share of the top 10 countries in exports was 48.9 percent, this share of top 20 countries was 67.1 percent.

Negative effect of the EUR/USD parity decreased by 55 percent

In February, the effect of the EUR/USD parity was -$271 million. The negative effect of the parity was -$496 million dollars in February 2019.