Posted on 14 February 2011
Turkey’s exports increase by 20 percent in February 2010
Turkey’s exports climbed by a robust 20 percent in February over the same month of the preceding year to USD 8.23 billion, with exports to European countries approaching their pre-crisis levels, Turkish Exporters Assembly (TIM) data have shown.
TIM President Mehmet Buyukeksi announced the export figures for February at a press conference in the Black Sea province of Ordu. According to the data, exports for the first two months of the year rose by 16.26 percent, to $16.12 billion, up from USD 13.87 billion in the same period of 2009. On the other hand, exports for the month of February totaled USD 8.23 billion, up from USD 6.84 billion in the same month of 2009, or a 20.34 percent rise. Buyukeksi, evaluating the results, stressed that “a long-awaited growth rate of above 20 percent was finally reached in February.”
In an assessment of the February export figures, Foreign Trade Minister Zafer Caglayan noted that the results indicate a return on the part of Europe to importing from Turkey. Exports to 10 European countries among Turkey’s 20 major European trading partners rose in February, Caglayan pointed out, noting that these countries were severely affected by the global financial crisis.