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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Erdogan ‘win’ and ‘loss’ scenarios assessed by analysts ahead of June 24 polling day in Turkey

This weekend’s June 24 elections in Turkey are likely to be the tightest in the country in many years ... more

High net worth Turks and capital flee Turkey as prospect of Erdogan Mark II nears

Turks are joining foreign investors in shifting their assets—and in many cases themselves—out of the country amid fears for their money and security should President Recep Tayyip Erdogan win more ... more

Simsek: Better policy mix and reforms will help secure soft landing for Turkey

Turkey's strengthening fiscal and monetary policy mix and reforms should help secure a soft landing for its economy, Deputy Prime Minister Mehmet Simsek said on June 12. Ex-Wall Street banker ... more

Most Read

  1. Azerbaijan makes territorial gains in Nakhchivan as fighting with Armenia flares
    3 days ago
  2. STOLYPIN: Putin builds a Presidential Administration fit for stagnation
    9 days ago
  3. Turkish Elections: Expect the unexpected
    2 days ago
  4. Irish tech titan lines up stake in Slovak AI firm
    5 days ago
  5. UPDATED: Leader of Romania’s ruling PSD gets prison sentence in abuse of office case
    2 days ago
  1. KRUK REPORT: The unbearable lightness of being alive
    23 days ago
  2. Sberbank oil analyst Alex Fak fired for being openly critical of state-owned gas giant Gazprom
    1 month ago
  3. COMMENT: Russia’s oil giant Rosneft just crossed one of China’s red lines in Vietnam
    18 days ago
  4. STOLYPIN: Putin builds a Presidential Administration fit for stagnation
    9 days ago
  5. Azerbaijan makes territorial gains in Nakhchivan as fighting with Armenia flares
    3 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss