Turkish Exporters’ Assembly (TIM) has recently announced the export figures of March 2017. According to TIM data, Turkey’s exports increased by 19% in March, reaching 13.6 billion USD. Minister of Economy, Nihat Zeybekci, stated that this is the highest monthly export number in the last 36 months.
He also noted that the first quarter of 2017 also showed 9.2% increase in exports compared to the same period last year. He added that the foreign trade deficit decreased by 10% in April.
According to TIM data, top performing industries in March were Automotive, Sea Vessels and Jewelry with 32.5%, 87.3% and 75.4% increases respectively. In the first three month, automotive exports increased by almost 1.5 billion dollars, while steel increased by 874 million dollars and chemicals by 788 million dollars.
In March, exports to the Far East increased considerably, by 91%. Exports to EU-28 also continued its steady growth with a 20% increase with the largest increases in Malta and Portugal with 95.9% and
92.1% respectively. In addition to these countries, exports to Russia increased by 45.3% in March and by 40.3% in the first quarter.
Source: Ministry of Economy
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