Turkish Exporters Continued To Rise In Its 20th Consecutive Month

Exports Increased by 5% in June with Automotive sector maintaining its leadership, followed by chemicals and apparel

Exports to EU up 8 percent; 1081 firms started exporting in June

R&D expenditures exceeded $6 billion, 10 companies reached $1 billion Top Exporters of 2017: first Ford Otosan, number 2 Toyota and the third TOFAŞ

MILAN, July 27, 2018— Turkish exports in June reached $12.6 billion with an increase of 5% compared to the same month last year, according to the last data announced by Turkish Exporters Assembly.

In June, automotive was the leading sector with $2.5 billion dollars. The sector’s exports increased by 1.9% compared to the same month of the previous year. Automotive was followed by chemicals with $1.42 billion, apparel with $1.36 billion.

“Exports to EU increased by 8%, while the share of EU in Turkey’s exports was 52.1% in June. Exports to Africa increased by 23.8%, and exports to other Asian countries increased by 33.2% “ said Turkish Exporters Assembly (TİM) new Chairman, İsmail Gülle.

33,563 firms exported in June. 2,771 of these companies, have exported for the first time this year. 1,081 companies, which had never exported before, joined the export family this month.

Moreover, Turkish Exporters Assembly (TIM) has just announced the Top 1000 Exporters of 2017: Ford Otosan was the top exporter with 4 billion 797 million dollars in 2017. Number 2 was Toyota with 4 billion 443 million dollars, and the third was TOFAŞ with 3 billion 209 million dollars.

R&D expenditures exceeded $6 billion, 10 companies reached $1 billion exports. The total exports of top 1000 exporters increased by 13.4 percent compared to 2016 and reached 92.3 billion dollars, while the share of these companies in total exports was 58.8 percent. While the exports of 436 firms remained between 25 and 50 million dollars, only 10 firms could exceed 1 billion dollars.

In 2017, 66.8 percent of the top 1000 exporter companies were producer-exporters, 16.5 percent were exporters, 12 percent were group foreign trade companies and 4.7 percent were sector-capital foreign trade companies. Given the distribution of capital structure of firms; 81 percent of the firms were domestic firms, 11.3 percent were foreign, and 7.4 percent had domestic and foreign partners. Domestic companies’ share in the export value of top 1000 exporters were 61 percent.

“The new government will quickly carry Turkey to 2023 targets. With the new system, bureaucracy will be reduced and the decision-making mechanisms will act more effectively. TİM will work together with the Ministry of Trade, which is formed by the merger of the Ministry of Economy and the Ministry of Customs and Trade. On behalf of exporters, we would like to thank Mr. Nihat Zeybekci, Minister of Economy, who has always been supportive of exporters. We believe that, the new Minister of Trade, Ms. Ruhsar Pekcan, who is now the captain of both domestic and foreign trade, will continue to solve the problems of both merchants and exporters and help them become stronger in the global arena”, stated Ismail Gülle.

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