Turkish Exports Up 2.5% in First Half

According to the latest export data, Turkey sold products worth USD 74.66 billion in the first half of this year. This represents a growth of 2.5 percent compared to a year ago, the figures from the Turkish Exporters’ Assembly (TIM) show. This sends positive signals for year-end goals according to the report.

At a press conference held in the southeastern Anatolian province of Batman, TIM announced that Turkish exports were growing despite problems and a diminishing demand by major trade partners.

According to the report Turkey‘s continued stability in export growth in the face of global adversity lies in its ability to diversify its target markets. Indeed, you could say that Turkey‘s target export markets are constantly evolving. Turkey sells goods to 241 countries and expects to commence exports to two new countries shortly.

The TIM data shows that exports of mining products grew fastest in the last year, with 30 percent growth between January and June over a year ago. Most goods sold overseas were industrial products, with USD 58.75 billion in the first half of the year. The agriculture sector saw its exports hit USD 10.1 billion in the same period.

Turkish exports ended 2012 at a total of152.5 billion USD, representing a year over year growth of 13.1% compared to the previous year. The government has set the target of 158 billion USD for this year.