Highest Monthly Exports During the Pandemic Period Achieved in July
Turkey Exporters Assembly (TIM) announced export figures for the month of July. In July 2020, Turkey’s exports have reached the highest monthly figure during the pandemic period amounting to 15 billion 12 million US dollars.
Turkey Exporters Assembly (TIM) announced the provisional foreign trade data for the month of July. According to the General Trade System (GTS), exports achieved a total amount of 15 billion 12 million US dollars in July with a decrease of 5.8 percent compared to July of the previous year due to the difference in the number of working days due to the perceived holiday. The rate of increase compared to June was 11.5 percent. In the last 12 months, exports amounted to 166.6 billion dollars with a 7.9 percent loss.
Evaluating the effects of the pandemic on the world economy, TIM President İsmail Gülle indicated that, “International organizations in the global economy and trade maintain the expectation that the biggest contraction will be observed after the Second World War in 2020.”
“The Perception of Turkish Made Goods Improves in Global Markets”
Gülle emphasized that the negative atmosphere caused by the pandemic in export markets of Turkey in the months of March-April-May has been left behind in June, and continued his statement as follows: ‘‘Turkey distinguished positively from many countries through the increased export figures by 35 percent in June compared to the previous month. Our exports maintained this success also in July, with an increase of 11.5 percent compared to June. Our July export was the highest monthly export figure since the announcement of the pandemic outbreak. Turkish exporters were able to change the direction of the troublesome situation to their benefits in a very short amount of time. We have shown our strength to the world in reliable supply during this challenging period. Because of these efforts, the perception of Turkish made goods is developing in global markets every day, and confidence in our country advances. Turkey is registered as the ‘safe harbor of’ global trade and it proceeds its course beyond the ‘expected normal numbers in exports’. We were docked in the pandemic period, and now it is time to take wings.’’
1641 companies joined the export family in July
Referring to the details of July exports, TIM President Gülle provided the following information: “As a clear result of our SME export mobilization training sessions, I am pleased to announce that 1,641 companies joined our export family in July. These companies, which have just started exporting, realized 97 million 404 thousand dollars export in July. In terms of the number of companies, a total of 40 thousand 675 companies have exported in July.”
Exports to 96 countries increased by 842.6 million US dollars
Despite the negative outlook in global trade, Turkey was able to raise its exports to 96 countries in July by 842.6 million US Dollars. In 68 of these 96 countries, the increase was over 10 percent, and in 28 of them, the increase was over 50 percent. Among these countries, the USA attracted attention with an export increase of 136.5 million US Dollars compared to July of last year, China with an increase in exports amounting to 120.3 million US Dollars and Norway with an increase in exports amounting to 65.9 million US Dollars.
Increase in exports of Covid-19 related products continued
Exports of Covid-19 related products continued at full speed and has not shown any sign of slowdown in July. Compared to last year; exports of respiratory equipment amounted to 10.2 million US Dollars, with an increase of 1647 percent compared to the same period last year, exports of mask and apron increased by 464 percent, amounting to 34.4 million US Dollars, exports of diagnostic kits increased by 180 percent, amounting to 11.1 million US Dollars, disinfectant exports increased by 16.7 percent amounting to 18.8 million US Dollars, and Pharmaceuticals exports increased by 52.9 percent amounting to 1.2 million dollars. Total medical product exports were achieved as 75.8 million US Dollars, with an increase of 175.1 percent.
16 sectors achieved their highest monthly exports
While the export leader of July was the automotive sector with an export volume of 2 billion 201 million US Dollars, the ready-to-wear garment sector was the second in the list with exports amounting to 1 billion 813 million US Dollars and the chemical materials sector, which achieved 1 billion 583 million US Dollars’ worth of exports, was the third. Sixteen sectors achieved their highest monthly exports since the beginning of the pandemic outbreak period.
A Peak was Reached in Exports to 77 countries
In July, exporters managed to wave the flag of our country in 213 countries and regions. Export to 77 countries has reached its highest level since the beginning of the pandemic outbreak period. The top 3 most exported countries were Germany with 1 billion 458 million US Dollars, England with 963.4 million US Dollars, and the USA with 941.5 million US Dollars. While the share of the top 10 countries in total national exports was 48.9 percent, this share increased to 67 percent in the top 20 countries. Among these 20 countries, every sector has managed to export to 19 of them, including the USA, Germany, Italy, and Holland. The share of the European Union in exports, which is the largest market of Turkey, dropped to 41.5 percent with a volume of 6.23 billion US Dollars.
