8/2/2013

Automotive shipments top Turkey’s exports in July

Milliyet – One of the main export commodities of Turkey, automotive products, topped the country’s list of shipments abroad during July, accounting for 15.6 percent of the monthly total of USD 12.6 billion.


According to figures released by Turkish Exporters’ Assembly (TIM), Turkey’s exports rose by 17.3 percent in July compared to the same month in 2012, while the country’s auto industry posted a healthy increase of 35 percent in the same period.


The Turkish subsidiaries of global automakers, including Ford, Hyundai, Fiat, Renault, Toyota and Honda, shipped USD 1.96 billion of vehicles and parts last month.
The textile/ready-wear and chemicals industries came second and third in July export figures, with respective totals of USD 1.62 billion and USD 1.55 billion.


The main recipients of Turkish exports in July are Germany, Iraq and Britain.
Turkey’s total exports in the first 7 months of 2013 also increased by 3.3 percent, reaching USD 87.8 billion, inching closer to the annual target of USD 158 billion.
Reaching USD 500 billion of exports, along with having a USD 2 trillion GDP, is a key goal for Turkey to reach by 2023, the country’s centennial.

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