TİM CHAIRMAN GÜLLE: 68 PERCENT OF THE GROWTH CAME FROM EXPORT
Commenting on the growth figures of the Turkish economy in the third quarter of the year, Chairman İsmail Gülle, Turkish Exporters Assembly (TİM), said, "Türkiye's economy grew by 7.4 percent in the third quarter of 2021. Export contributed 5 points (68%) and net export contributed 6.8 points (92.3%) to GDP growth. We are growing with export; we are strengthening with export. As an export family, we are proud of our contribution to growth. These figures further reinforce our belief that Türkiye will rise with export. It seems that if we continue at the same pace, we will achieve the export target in the Medium-Term Program (OVP) in 2022, which is 242 billion dollars in 2023. Türkiye's export capacity volume is now 20 billion dollars or more per month. Hopefully, in 2026, we will reach $300 billion in as little as five years."
Türkiye's economy grew by 7.4% in the third quarter of 2021, according to data published by the Turkish Statistical Institute (TÜİK). Export contributed 5 points (68%) and net export contributed 6.8 points (92.3%) to GDP growth. Evaluating the growth figures, İsmail Gülle, chairman of the Turkish Exporters Assembly (TİM), stressed that Türkiye stands out as a reliable producer by not disrupting production and export in the harsh conditions of the pandemic.
"Confidently towards the goal..."
Stating that they are proud of their contribution to growth, Gülle said, "We have had important opportunities in the pandemic process, and we have evaluated them very well. The increase in our export in the months when restrictions are extended or increased indicates that our country is now a safe haven for supply. As a result of the problems in their supply chains, importing countries experienced the negatives of dependence on a single source in supply and embarked on a new search. This was reflected in our export figures. In each of our sectors, the Turkish brand has become stronger as the demand for our exported goods increases. In October, our export increased by 20.2 percent to $20.8 billion compared to the same month last year. With this figure, we have registered that we have reached a new league in export by setting the highest monthly export record in our history. Our country grew by 7 percent in the first quarter of the year, 21.7 percent in the second quarter, and 7.4 percent in the third quarter. Export contributed 5 points (68%) and net exports contributed 6.8 points (92.3%) to GDP growth. These figures show that we are taking firm steps towards our goal of 'Türkiye Giving a Foreign Trade Surplus' and that we have grown with export and become stronger with export.”
"We will realize the export target for 2023 one year in advance"
Noting that they have managed to exceed the annual export target of $211 billion by exporting $215.7 billion in the last 12 months, Gülle said, “Based on the first 10 months of the year, our sectors were almost unaffected by the contraction in global trade caused by the pandemic. 20 of our industries set records. In 10 of the last 12 months, our country's share of world export has risen above 1 percent for the first time in the history of the Republic. We have already achieved the Medium-Term Program (OVP) target. We are looking at a picture that is beyond our expectations. If the export family continues this performance, it will reach much higher targets in a short time. It seems that if we continue with this pace, we will achieve the export target in OVP in 2022, which is 242 billion dollars in 2023. I hope we will progress this way to a great extent this year. Türkiye's export capacity volume is now 20 billion dollars or more per month. Hopefully, in 2026 we will reach $300 billion in as little as five years. Our dream and goal are to make Türkiye a country with a foreign trade surplus. The annual tonnage of our export reached 172 million. We expect tonnage volume to increase to 250 million tons at the point where we reach our export target of 300 billion dollars. The order books of our companies indicate that there is high demand.