Türkiye’s January-May exports up 8 percent

Yeni Safak - Türkiye’s exports in May rose by 5.8 percent compared to the same month of the previous year and reached an all-time high of USD 13.4 billion, while the export total for the first 5 months of the year climbed to USD 67.9 billion, a solid 8 percent increase from a year earlier.

According to data released by the Turkish Exporters Assembly (TIM), the automotive industry led the country’s exports with USD 2.5 billion last month, followed by the ready-wear and textiles sector with USD 1.6 billion. The chemicals industry came third with USD 1.5 billion.

Germany, Türkiye’s largest export market, received USD 1.3 billion worth of Turkish-made goods and services in May. Türkiye’s southern neighbor Iraq took second place with USD 1 billion, while Britain ranked third with USD 800 million worth of shipments during the last month.

Türkiye’s exports in 2013 stood at USD 152 billion. One of the country’s goals to reach by the centenary of the foundation of the republic in 2023 is to reach USD 500 billion in exports.

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