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TURKEY'S EXPORTS UP BY 4 PERCENT IN APRIL

 

Turkey’s exports have increased by 4 percent year-on-year to reach almost $11.9 billion in April on the backs of the steel, automotive, mining and jewelry sectors, the country's main exporters' association announced.

The Turkish Exporters Assembly (TİM) revealed yesterday that total exports in the first four months of the year have also surged by 6.7 percent from the same period last year.

The association also revealed that Turkey's value of total exports in the last 12 months rose by some 4 percent to reach almost $145.7 billion when compared to the previous 12 months.

In April the highest increase among all sectors was observed in steel exports with a $326-million rise, according to the TİM statement.

Among other sectors, which also saw an increase in April, were the automotive sector with a $253-million hike, followed by the mining and jewelry sectors' increases of $112 million and $100 million respectively.

Agricultural exports, however, decreased by 1.3 percent in April while exports in the ready-made-textile sector experienced a 1.1 percent drop.

In the first four months of the year, the automotive sector registered the highest exports, a nearly $1.7 billion increase compared to the same period last year.

Meanwhile, exports to the EU, Turkey's main trading partner, rose by 3.2 percent in April. They had increased by some $2.1 billion in the first four months of the year compared to same period last year.

Turkish exports to its second-biggest trading partner, North America, also surged by 28.7 percent last month when compared to April 2016.

The most remarkable increases were observed in Turkish exports to Malta (351 percent), the United Arab Emirates (99 percent) and Canada (50 percent), TİM said. In April, exports to Russia also rose by 5.4 percent year-on-year, which constituted a 30 percent increase between January and April this year.. 

 

Exports To Russia İncrease By 41 Percent İn Q1

 

The  steps toward the normalization of Turkish-Russian relations, which were strained by the fighter jet crisis in November 2015, continue to positively impact foreign trade data, according to the statistics of the Turkish Statistical Institute.

Turkey's exports to Russia declined to $1.4 billion in the first three months of 2014 from $1.7 billion in the same period of the previous year. Also, they fell to $912 million in the first quarter of 2015 and to $353 million in the first quarter of 2016. Exports reached $498.1 million in the first quarter of this year, soaring by 40.9 percent compared to the same period last year

Meanwhile, imports from Russia to Turkey neared $6.2 billion in the first quarter of 2013 and rose to $6.7 billion in the same period of 2014. They dropped to $3.9 billion in the first quarter last year from nearly $6 billion in the same period of 2015. Imports from Russia neared $4.4 billion in the first quarter of this year with an 11.5 percent increase compared to the same period last year.

As far as the items of foreign trade between Turkey and Russia go, the highest increase in exports was seen in fruits in the first quarter of this year compared to the same period of the previous year. The amount of fruits and nuts that Turkey sold to Russia amounted to $50 million in the January-March period of last year and to $88 million in the same period of this year. There was also a significant increase in the amount of Turkey's exports to Russia in apparel, boilers and machines, electric machines and motor land vehicles.

The greatest decline in imports was in cereals and animal and vegetable fat and oil. The amount of cereals imported from Russia decreased to $120 million in the first quarter of this year from $180 million in the same period last year, while imports of animal and vegetable fat and oil decreased to $153 million from $228 million in the same period. The imports of mineral fuel from Russia rose to $2.565 billion from $2.207 billion, while imports of iron and steel increased to $733 million from $507 million in the same period


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04.05.2017 

 
   
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