1/21/2013

Turkey’s exports to reach USD 170 billion by 2014, OECD forecasts

Vatan – Having reached an all-time record of USD 152 billion in 2012, Turkey’s exports are expected to climb even higher in the next 2 years, hitting nearly USD 170 billion by 2014, according to a forecast by the Organization for Economic Cooperation and Development (OECD).


The organization estimates Turkey’s exports of goods and services to be worth USD 169.4 billion by 2014, meaning an increase of USD 17.5 billion, as the country steadily adds new markets to its export portfolio.


The country’s exports reached a record level last year of USD 152 billion, 12.6 percent more than that of 2011. Motor vehicles accounted for the highest proportion of Turkish exports in 2012 with USD 19 billion in value, closely followed by chemicals with USD 17.5 billion, while ready-to-wear textiles came in third with USD 16.1 billion. The main recipients of Turkish goods ranked as Germany, Iraq, and the UK, in descending order.

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