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Türkiye Increased Exports In 2023

Türkiye Increased Exports in 2023
Türkiye Increased Exports in 2023

Despite the 2 trillion decrease in global trade , the remarkable increase in Türkiye's exports was surprising. According to 2023 export data, the automotive sector was the biggest provider of exports, reaching 255.8 billion dollars. While the automotive industry was the export champion with 35 billion dollars, it was followed by chemicals with 30.5 billion dollars and ready-to-wear clothing and apparel with 19.2 billion dollars. 
In the statement made by the Turkish Exporters Assembly (TIM), while noting that the 2023 trade data contracted on a global scale, TIM President Mustafa Gültepe said, "In a period of declining demand, our labor-intensive sectors had difficulty in keeping prices due to high costs. Earthquakes, regional wars, and conflicts also hurt our trade. To compensate for our losses, we turned to alternative markets. We organized the highest number of delegations in our history. We organized 72 procurement delegations. 150 trade delegations. We traveled a total of 1.5 million kilometers. In other words, we circumnavigated the world 40 times. With all these efforts, we closed 2023 on a positive note. We increased our share in global exports from 1.02 percent to 1.06 percent. In 2023, we added 18 thousand more companies to our export family. We reached 120 thousand in the total number of exporter companies. We reached the highest export  value in 10 sectors. We exceeded the export limit of 1 billion dollars in 23 sectors. The countries we exported the most were Germany, the USA and Iraq. While increasing our exports to 113 countries, we broke export records in 66 countries. We increased the number of countries to which we exported over 1 billion dollars to 50. Our unit export value was 1.57 dollars." 
Türkiye's Exports Grew 7 Times
Stating that the increase in exports has grown up to 7 times in recent years, TİM said, "This is a great success, but Türkiye's potential is much higher. Therefore, our country deserves more. As exporters, we owe it to ourselves to give our country the best it deserves. With this awareness, we started the second century with the goal of making Türkiye one of the top 10 countries in exports. Our goals of 375 billion dollars of goods exports and 200 billion dollars of services exports, which are foreseen for 2028 in the 12th Development Plan, will be our first serious test. We have scrutinized these targets in our Delegates Workshop. We have created our road map in line with the opinions and suggestions of all 27 sectors."
The meeting, which was attended by Minister of Trade Ömer Bolat, Minister of Treasury and Finance Mehmet Şimşek, Minister of Labor and Social Security Vedat Işıkhan, Minister of Industry and Technology Mehmet Fatih Kacır and Minister of Transport and Infrastructure Abdulkadir Uraloğlu, also touched upon the importance of state incentives in trade.
Source: https://tim.org.tr/files/downloads/Strateji_Raporlari/TIM_Ihracat_2023_Raporu.pdf

 

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