August 10, 2022

Turkish Exporters Assembly (TİM) announced the export figures for July. Türkiye closed the month of July with a new record. According to the announced data, the Turkish exporter exported $18.6 billion in July with an increase of 13.4 percent compared to the same month last year. With this figure, all-time the highest July export figure was reached.

• In July, 17 sectors increased their exports compared to the same month last year. The chemical sector was at the top with 2.9 billion dollars.

•While 52 cities increased their exports, the top 3 provinces with the most exports were İstanbul, Kocaeli, and İzmir, respectively. On the other hand, Diyarbakır reached the highest monthly export in its history.

• The export family, which managed to fly the Turkish flag in 217 countries and regions, succeeded in increasing its exports to 147 countries. Exports to 5 countries, including Bulgaria, Georgia, and Lithuania, reached the highest level to date.

•While exports of gasoline, natural gas, diesel, and hydrocarbon blends products increased by 745 million dollars, exports in the top 10 product groups with the highest increase increased by 1 billion dollars.

•1,368 companies joined the export family by exporting for the first time this month.

• Unit export value increased by 20 percent compared to the same period last year to $1.47.

TİM Chairman Mustafa Gültepe said, “In July, we reached 18.6 billion dollars with an increase of 13.4 percent, the highest July export performance to date. This figure exceeded $144 billion in the first 7 months, and, $248 billion in the last 12 months. We have broken monthly export records in 21 of the past 23 months. At this point, we see that we will leave behind a very important threshold in 2022 by exceeding our annual export target of 250 billion dollars. I congratulate our entire export family for their intensive efforts. The Turkish exporter is not only a regional but also a global supplier. As the Turkish Exporters Assembly, it is a matter of pride for us to develop this vision of our exporters.”

Turkish Exporters Assembly (TİM), which is the only umbrella organization of more than 100 thousand exporters with 61 Exporters’ Associations and 27 sectors, announced the foreign trade data for July with the participation of Trade Minister Mehmet Muş at a press conference held at Konya Chamber of Commerce.

The export family, which achieved a historical performance in exports in the first 6 months of the year and broke the record for monthly exports, did not break the series in July. According to the announced data, export in July amounted to $ 18.6 billion, with an increase of 13.4 percent compared to the same month of the previous year. Thus, the highest July export figure of all time was reached. In July, the monthly export record was broken in 21 of the last 23 months. The Turkish exporter, which exported 144 billion dollars in the first 7 months of the year, showed the success of exceeding 248 billion dollars in export in the last 12 months.

“We achieved the highest July export performance to date”

Stating that they achieved the highest July export performance to date by reaching 18.6 billion dollars with an increase of 13.4 percent in July, TİM Chairman Mustafa Gültepe said, “This performance was recorded in a period when the number of working days yearly was the least. This figure exceeded $144 billion in the first 7 months and $248 billion in the last 12 months. We have broken monthly export records in 21 of the past 23 months. As we moved into the second half of the year, our export projections became clearer. At this point, we see that we will exceed our annual export target of 250 billion dollars and leave behind a very important threshold in 2022. I congratulate our entire export family for their intense efforts.”

Chemical sector is at the top with 2.9 billion dollars

Giving information about the export performances of the sectors in July, TİM Chairman Mustafa Gültepe said, “17 sectors have increased their exports. This month, our top 5 sectors are Chemical with 2.9 billion dollars, Automotive with 2 billion dollars, Ready-to-Wear with 1.6 billion dollars of exports, Steel with 1.6 billion dollars, and Electrical and Electronics with 1 billion dollars of exports. Especially the 54 percent increase in the chemical sector carried our sector to the top this month.”

TİM Chairman Mustafa Gültepe, who informed that exports of products such as gasoline, natural gas, diesel, and hydrocarbon mixtures, which are subgroups of chemistry, increased by 745 million dollars this month, also stated that exports increased by 1 billion dollars in the top 10 product groups that recorded the highest increase.

52 cities increased their exports; the highest monthly export from Diyarbakır

TİM Chairman Mustafa Gültepe stated that the top 5 cities with the highest exports are Istanbul, Kocaeli, Izmir, Bursa, and Ankara, respectively. Pointing out that Diyarbakır realized the highest monthly export in its history, TİM Chairman Mustafa Gültepe continued as follows:

“Apart from these cities, our other cities that attracted attention with their export increase were Adana, Samsun, Şırnak, and Konya. Our Konya-based companies increased their exports by 14 percent this month and reached the level of 240 million dollars. Konya is a city that directly reflects its deep-rooted commercial past to today’s export performance. It is the 12th city with the highest export. With its export to 189 countries, more than 2,400 export products, and 8 companies among the top 1000 exporters, it stands out as a role model city in Anatolia. We believe that Konya, which increased its export by 40 percent last year and reached $3 billion in export, will carry its exports to $ 3.5 billion at the end of the year as a result of increasing investments.”

Export to 147 countries increased

Stating that the export family managed to fly the Turkish flag in 217 countries and regions this month, TİM Chairman Mustafa Gültepe shared the following information:

“We succeeded in increasing our exports to 147 countries. The top 5 countries to which our exporters exported were Germany, the USA, the United Kingdom, Iraq, and Italy. In addition to these countries, there are significant increases in our exports to Russia, Bulgaria, and South Africa. On the other hand, we have reached the highest level of exports to 5 countries, including Bulgaria, Georgia, and Lithuania. In July, our export according to country groups amounted to 10.2 billion dollars to Europe, 3.1 billion dollars to the Near and Middle East countries, and 1.8 billion dollars to the African continent.

“We support the efforts to increase the export of our country”

Stating that “As Turkish Exporters Assembly, we act with the understanding that ‘any market you cannot go or reach is not yours” TİM Chairman Mustafa Gültepe followed, “At the beginning of July, our Minister of Trade Mr. Mehmet Muş shared the comprehensive road map and new vision prepared by our Ministry with the public at the Far Countries Strategy Introduction Meeting. It is of utmost importance that the average range of our export, which is currently 3,065 km, is increased to the world average of 4,744 km. On the action points covered by the study, our Assembly is ready to take all the duties and responsibilities that fall on it. We continue our efforts rapidly to increase our exports in remote geographies targeted by our President.”

1,368 more companies joined the export family

Sharing the number of companies exporting for the first time in July, TİM Chairman Mustafa Gültepe informed that 1,368 companies exported for the first time this month and that the new companies exported 60 million dollars in July.

Unit export value increased by 20 percent to $1.47

Emphasizing that the unit export value increased by 20 percent to $1.47, TİM Chairman Mustafa Gültepe made the following evaluations:

The dollar’s rise against the euro continued in July. The euro/dollar pair fell to 1.08 this year from 1.20 in the January-July period last year. It even fell below 1 in July. The negative impact of the decline in the euro/dollar parity on export was 1.2 billion dollars. The negative impact of the parity on our export figures approached 7 billion dollars in 7 months. If the pair had been able to maintain its level of last year, our exports today would have exceeded $255 billion in the last 12 months. For this reason, despite all the negative impact of the pair, the export figures we have reached today have become even more meaningful.

“In July, despite the negativities in the global table, we again reached an export record”

Reminding that inflation, accelerated by the effects of the war, has increased concerns in the global economy and reduced the growth forecasts of international economic institutions for the global economy, TİM Chairman Mustafa Gültepe said, “However, the growing expectation of a small number of countries, including our country, is increasing. The main reason for the positive course in the growth expectations of our country is undoubtedly the steady turning of the wheels in the real sector. Together with the dynamic domestic market, the figures we have achieved in exports of goods and services distinguish Türkiye from negative expectations in a positive way. According to the latest data, our industrial production increased by 9.1 percent. The capacity utilization rate increased by 0.6 points to 78.2. In July, despite the negativities in the global table, we reached an export record again.”

“Turkish exporter is not only a regional but also a global supplier”

Congratulating Turkish exporters for these achievements, TİM Chairman Mustafa Gültepe continued:

“At the same time, I would like to remind you that we have entered a difficult period for our exporters to manage. As you know, the US, European, and Asian Central Banks continue their monetary tightening moves. In addition, the energy crisis caused by the effects of the war has further raised concerns. The prospect of a contraction in our key markets and global trade has emerged. A possible demand contraction, especially in Europe, our largest market, will trigger a process that will affect all countries exporting to the region. Under these conditions, the Distant Countries Strategy has gained much more important and it has become necessary for our exporters to focus on emerging new markets. In the face of current risks, we once again saw the importance of Eximbank and CBRT resources for our exporters. With our rising export, the financing needs of our exporters are increasing and financial resources need to be diversified in line with these needs. The Turkish exporter is not only a regional but also a global supplier. As Turkish Exporters Assembly, it is a matter of pride for us to develop this vision of our exporters. As exporters, we will continue to contribute to the economic growth of our country by remaining vigilant against financial problems, commodity shocks, and market contractions.

Source: Turkish Exporters Assembly (TİM)
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