9,367.77 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.56 USD USD USD
36.19 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.35 TRY Interest Interest
74.24 USD Fossil Oil Fossil Oil
30.90 USD Silver Silver
4.09 USD Copper Copper
100.80 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,982.57 TRY Gold (gr) Gold (gr)

The Ministry announced: Transition to new system in exports

The Ministry of Trade announced that as of January 1, 2024, a new system will be introduced in the field of exports based on the place of production of companies.

The Ministry announced: Transition to new system in exports

In the current system, the "Foreign Trade Statistics by Provinces" announced by the Turkish Statistical Institute (TUIK) are based on the province where the headquarters of the firm is located. However, this approach leads to the clustering of statistics in the direction of the headquarters province for firms with different headquarters and production locations, and the exports made through a foreign trade firm are recorded in the province where the foreign trade firm is located instead of the province where production takes place.

For this reason, the Ministry of Trade, the Ministry of Industry and Technology (MoIT) and TUIK jointly developed the "Provincial Export Statistics according to the Place of Production of Firms". In order to identify the provinces where production takes place, the Ministry of Trade matched exporter/manufacturer information with the Ministry of Industry and Technology's Industrial Registry Certificate Data, as well as the records of the Social Security Institution and the Revenue Administration.

The new system will generate provincial export statistics based on the production locations of firms and will be published in the "Monthly Foreign Trade Data Bulletin" on a provisional basis starting from January 2024. In addition, the Foreign Trade Statistics, which will be published by TUIK on 29 February 2024 within the scope of the Official Statistics Program, is planned to be shared with the public together with the January 2024 newsletter.

Export statistics by place of production indicate that industrialized provinces with high production volumes stand out. These statistics provide the opportunity for detailed analysis by province, product and country, and include important indicators such as the technological level of exports by province. This study is expected to make significant contributions to the data-based determination of province-based/regional policies.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Roadmap for India’s steel sector: Demand, imports and future plans

Friday, November 22, 2024

A new era begins in the Indian steel sector

Thursday, November 21, 2024

China's HRC, CRC and rebar production decreased y-o-y in October

Thursday, November 21, 2024

EU construction decreased in september

Thursday, November 21, 2024

Iranian analyst Keyvan Jafari Tehrani shared the effects of world politics on the steel industry

Thursday, November 21, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now