EİB Exports Reach $1.53 Billion in August

The Aegean Exporters Union (EİB) achieved USD 1.531 billion in exports in August. Turkey's exports declined by 1% in the same period to USD 21.794 billion.

Industry Up, Agriculture Flat
In EİB's August exports, industrial sectors reached USD 821 million with a 2% increase, while agricultural sectors exported USD 602 million and mining sectors USD 108 million.

Iron and Steel Lead
The Aegean Iron and Non-Ferrous Metals Exporters Union (EDDMİB) increased its exports by 20% to USD 239 million. It thus widened the gap with the second-ranked Aegean Water Products and Animal Products Exporters Union (ES&Ühmİb) to USD 80 million.
EDDMİB reached USD 2.547 billion in exports over the past year, approaching the record level it set in 2022.

Cereals, Legumes, Oilseeds Hit Record
The Aegean Cereals, Legumes, Oilseeds and Products Exporters Union increased its exports by 21% to USD 101 million. It thus became EİB's August "export growth champion."

Water Products Target USD 1.9 Billion
ES&Ühmİb increased its exports by 10% to USD 159 million. The union is making steady progress toward its year-end target of USD 1.9 billion.

Strong Performance from Miners
The Aegean Mining Exporters Union achieved USD 108 million in August exports. In the January-August period, it reached USD 899 million with a 4% increase, and USD 1.34 billion over the past 12 months with an 11% increase.

Standouts in Other Sectors

• Ready-made clothing and apparel: USD 100.6 million in exports, ranking 5th.
• Fresh fruit and vegetables: USD 94.8 million in exports, reaching USD 750 million in the first 8 months of the year.
• Tobacco: USD 90.6 million in exports, down 5%.
• Dried fruit: USD 67.8 million in exports, up 3%.
• Furniture, paper and forest products: USD 65.6 million in exports.
• Textiles and raw materials: USD 325 million in the first 8 months, up 20%.
• Olives and olive oil: USD 21 million in August exports, far below the prior year.
• Leather and leather products: USD 16.6 million in exports.

Aegean Region Exports USD 2.67 Billion
In August, the Aegean Region's exports rose by 1.5% to USD 2.665 billion. In the first 8 months, they reached USD 20.8 billion, up 3.4%.

• İzmir: USD 1.45 billion
• Manisa: USD 431 million
• Denizli: USD 409 million
• Muğla: USD 103 million
• Balıkesir: USD 93 million
• Aydın: USD 84 million
• Kütahya: USD 34 million, up 26% (record province)

Germany First, Major Jump in Morocco
EİB's top export destinations in August:

• Germany: USD 157 million (+9%)
• USA: USD 113 million (-20%)
• Italy: USD 97 million (+20%)

The most striking increase occurred in Morocco. Exports reached USD 52.1 million, up 242%.

Eskinazi: "We are moving away from our export targets"
EİB Coordinator Chairman Jak Eskinazi emphasized that Turkey will have difficulty reaching its USD 280 billion export target, stating:

"Our manufacturers and exporters are losing competitive strength due to current disinflation policies. Exchange rates are being held below inflation. If mechanisms to support production and exports are not put in place, bankruptcies will increase and job losses will grow. Let us not forget: production and exports are the key to social prosperity."