Turkey’s March exports rise 4.3% y/y.

By bne IntelliNews April 1, 2014

Turkey’s exports rose by 4.3% y/y to USD 13bn in March, data of the Turkish Exporters’ Assembly (TIM) showed on Tuesday.

Industrial exports (a 62.9% share in total) increased 3.9% y/y to USD 8.2bn in March while the rise in automotive exports (16.3% in total) was 14.2% y/y to USD 2.13bn. Ready-wear and confection shipments rose 6.3% y/y, but steel exports fell 18.5% y/y to USD 1.18bn.

In the first three months of the year, Turkey’s exports showed a 6.2% y/y rise, reaching USD 38.6bn while 12-month exports (between March 2013 and March 2014) fell 0.1% to USD 153bn.

Turkey’s exports to the EU, the country’s largest trade partner, jumped 13.2% y/y to USD 5.97bn in March while shipments to the Middle East increased 7.9% y/y to USD 2.46bn. Germany remained Turkey’s largest export market with shipments to this country rising 16.4% y/y to USD 1.3bn, according to TIM data. Iraq was the second largest export market for Turkish companies. Exports to Iraq increased 7.2% y/y to USD 992mn in March.

The official export data released by TUIK and TIM’s own figures generally do not match. TUIK data showed that Turkey’s exports rose by 6.2% y/y to USD 13.15bn in February whereas TIM data pointed to a 4.3% y/y rise to USD 12bn in the same month. According to the latest data of TUIK, the foreign trade deficit fell 27.2% y/y to USD 5.1bn in February.

Related Articles

Erdogan warns Iraqi Kurds will lose “opportunities” if independence vote proceeds

Turkish President Recep Tayyip Erdogan has warned the Iraqi Kurds that it is in their interests to call off their planned September 25 independence referendum because it “may lead to a process that ... more

Armenia may declare protocols on normalising relations with Turkey “null and void” UN told

Addressing the UN General Assembly, Armenian President Serzh Sarkisian on September 19 warned that Yerevan may be set to declare two protocols aimed at normalising relations with Turkey "null and ... more

Russia’s Rosneft mulls Kurdistan-Turkey-Europe gas pipeline

Russia’s Rosneft is exploring the possibility of building a 30bn cubic metre (bcm) pipeline that would from 2020 deliver natural gas supplies from the Iraqi Kurdistan region to Turkey and ... more

Dismiss