Turkish Exporters Assembly (TİM) Announces Preliminary June Foreign Trade Data

The Turkish Exporters Assembly (TİM), together with the Ministry of Commerce, released provisional foreign trade data for June. The TİM President, noting significant work accomplished in June exports, stated: "On 16 June, we held our general assembly with the attendance of our President and Ministers. At the same time, we announced the results of our Top 1000 Exporters research and presented awards to the export champions. Last week, we held a very productive meeting with our federation heads on the 'Export Master Plan'. As the umbrella organization for exports, our work and focus is exports. We are working around the clock to strengthen the positive contribution of net exports to growth in 2019 as well." Providing information on the number of exporting companies in June, the TİM President said: "In June, 32,973 of our companies exported, with 1,107 of these companies exporting for the first time in their history. I wish our newly joined companies long-lasting export success." Elaborating on details of June exports, the TİM President continued: "In June exports, Germany remained our leading country, with exports to this country reaching USD 1.075 billion. Germany was followed by the United Kingdom with USD 684 million and France with USD 639 million. Our exports to the top 10 countries where we conducted the most exports accounted for USD 5.5 billion, representing a 49.4% share of monthly exports, while this ratio reached 66% in the top 20 countries. Iraq entered the top 5 countries where we conducted the most exports in June, while the United States ranked 6th on the list. In June, the strongest export growth was experienced to Singapore at 410%, Malta at 192%, and Nigeria at 146%. In country groups, the share of our EU exports in total exports stood at 51.3% in June.

23 Provinces Achieved Export Growth

Looking at provinces, all 81 of our provinces exported in June. While Kars province, which had no exports in June of the previous year, achieved USD 23,000 in exports, cement, glass, ceramics and earth products sector exports were instrumental in this. Looking at sectors, we see that automotive remains our leading sector. Our sector achieved USD 2.2 billion in exports in June, followed by chemicals with USD 1.3 billion and ready-made clothing and apparel with USD 1.1 billion. Our defense and aviation sector reached the most striking growth rate of 69%, with increases in exports to the Istanbul Industry and Trade Free Zone, Switzerland and Ghana being instrumental in this.