Export Based in Turkey

Exports in Turkey with AZR Textile

Exports in Turkey

Exports in Turkey with NF Textile

In the Turkish economy, exports are one of the most important elements of economic development and economic growth. The transformation that took place in the post-2002 economy brought records in export ratios. The Turkish economy has reached an ever-increasing market size with the new economic process that has entered since 2002 in a global competitive environment. In addition, the volume of foreign trade has continuously increased until the year 2008 of the global economic crisis. Foreign trade volume fell in 2009 due to the global economic crisis, but with the rapid recovery in 2010, foreign trade volume started to increase and exports continued to increase. Thus, in 2011, 134.9, 2012, 152.6 billion, 2013 exports were realized as 151.9 billion dollars. Nevertheless, it should be noted that gold trade plays an important role in the increase in exports in 2012. As a matter of fact, even though exports fell by 0.4 percent in 2013, this situation seems to be the reason. In other words, significant increases in exports of goods were realized in 2013, but total exports decreased slightly due to the base effect of gold exports. (Chart 1). In this context, the uncertainties in the global economy, especially the tensions in the Middle East, also played a role in the export performance of the Medium Term Program 2013 - 2016, which was lower than the target of $ 153.5 billion.

Exports in Turkey

On the other hand, in 2013 gold trade saw a significant increase in the import wing. Imports of precious stones and metals, with a growth rate of 90.2 percent, contributed 3.3 percentage points to the rate of increase in imports in 2013. In addition, imports rose by 6.4 percent to reach $ 251.7 billion in 2013, contributing to the double digit increases in the machinery and motor vehicle segments. As a result, the import coverage ratio of exports in 2013 was 60.3 percent.

Exports in Turkey