Türkiye's exports increased by 0.3% to $22.7 billion in September

Türkiye's exports in September increased by 0.3% compared to the same period last year, reaching 22.7 billion dollars. The top sectors with the highest exports were chemicals, automotive, ready-to-wear clothing and apparel, and electronics. The average kilogram unit export value was 1.42 dollars. Mustafa Gültepe, President of the Turkish Exporters Assembly (TIM), stated that Türkiye needs to find alternative markets to increase exports and reduce the negative effects of periodic fluctuations. He organized 118 trade delegations to 62 countries in 9 months with exporter associations under the coordination of the Ministry of Trade.

In September, the chemical sector made the highest contribution to exports with 2 billion 846 million dollars. Other sectors in the top five were automotive with 2 billion 822 million dollars, ready-to-wear clothing with 1.7 billion dollars, electronics with 1.4 billion dollars, and steel with 1 billion 379 million dollars. The top five exporting provinces were Istanbul, Kocaeli, Bursa, Izmir, and Ankara. Konya and Amasya reached the highest monthly export figures. One thousand 484 companies exported for the first time in September. The average unit export value was realized as 1.42 dollars.

The increase in euro/dollar parity has been reflecting positively on Türkiye's exports since April. Last month, the parity difference contributed 700 million dollars to exports. The 6-month contribution approached 3 billion dollars. The countries to which Türkiye exported the most in September were Germany, the USA, Iraq, Italy, and the United Kingdom.

Mustafa Gültepe reminded that demand in Europe, Türkiye's main export market, has been slow for the last year. Although the manufacturing PMI data in the Euro zone increased by 0.8 points in August, it is still below the threshold value. Türkiye needs to find alternative markets to increase exports and reduce the negative effects of periodic fluctuations. He organized an intensive delegation program in Qatar with representatives from all 27 exporter sectors, and plans to go to Bahrain with a new delegation in a few days. By the end of the year, Türkiye will have reached 170 trade delegations in total.

Mustafa Gültepe underlined that the right steps taken at the right time definitely have positive repercussions. He reminded the protocol signed by TIM with 11 public and private banks, which extended over 1 billion dollars in loans to exporters.