UPDATE – Turkey's exports exceed $14B in July

UPDATES WITH MORE COMMENTS AND FIGURES

By Muhammed Ali Gurtas

ANKARA (AA) – Turkey's exports in July showed an annual hike of 11.8 percent, the Turkish Exporters' Assembly (TIM) announced on Wednesday.

Last month, the country's exports totaled $14.1 billion — the highest figure ever for the month of July.

Speaking at a press conference at Turkey's Trade Ministry, TIM head Ismail Gulle said Turkey's exports from January to July totaled $96.3 billion.

Gulle said that the seven-month exports showed a 7 percent yearly increase, while the 12-month overall exports rose 8.1 percent on a yearly basis, reaching $163.3 billion.

According to the statistical authority, Turkey's exports hit an all-time high of $157.6 billion in 2014. Last year they amounted to nearly $157 billion.

“Breaking by exports down country group, the EU became our top market last month, as usual, ” Gulle said. “Exports to the EU rose 15 percent in July to $6.9 billion. ”

“The share of EU countries in our exports was 48.7 percent, ” he said.

Gulle also noted that Turkish products were exported to 223 countries last month, and exports to 170 of these markets went up.

“Hopefully, we will break a new record in exports by exceeding $170 billion by the end of this year, ” he added.

TIM figures showed the automotive industry was the leading sector with exports worth $2.76 billion in July, followed by ready-made garments and apparel with some $1.6 billion and chemical products with nearly $1.5 billion.

Defense and aerospace industry exports rose 77 percent year-on-year in July, showing the best performance among all sectors.

This January to July, the top export market for Turkish products was Germany with $9.36 billion, accounting for 9.98 percent of total exports this year.

Germany was followed by the U.K. ($6.18 billion), Italy ($5.71 billion), the U.S. ($4.64 billion), and Spain with around $4.5 billion.

Of the 12-month overall exports, TIM members' exports amounted to some $22.4 billion in agriculture, around $131 billion in industry, and nearly $4.7 billion in mining.

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