Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

Turkish exporters lock on $211 billion year-end sales target

by DAILY SABAH WITH AA

ISTANBUL Sep 14, 2021 - 3:36 pm GMT+3
Containers are seen at the Port of Trabzon, northeastern Turkey, April 28, 2020. (AA Photo)
Containers are seen at the Port of Trabzon, northeastern Turkey, April 28, 2020. (AA Photo)
by DAILY SABAH WITH AA Sep 14, 2021 3:36 pm
RECOMMENDED
People buy fruits from a market selling food at discounted prices, after a devaluation of the Egyptian pound led to a sharp increase in prices, in Giza, Egypt, Jan. 28, 2023. (Reuters Photo)

World food prices decline for 10th month running in January

world-food-prices

Turkish exporters have locked onto the country’s new export target of $211 billion for 2021, as announced earlier this month in the nation’s three-year economic program.

Ismail Gülle, the head of the Turkish Exporters’ Assembly (TIM), said Tuesday the country is on track to achieve the year-end goal after exports rose 37% year-on-year during the first eight months of 2021 to $140 billion.

The eight-month figure was up 20% from the same period of 2019 before the pandemic. Imports reached $170 billion, rising 25.5% from a year ago.

After exceeding the threshold of $200 billion for the first time ever in July, the country’s 12-month rolling exports reached $207.5 billion last month.

In case it achieves the year-end target, Turkey will be far exceeding the earlier official target of $184 billion as well as the $198 billion target set for 2022.

Gülle said within five years Turkey could step up efforts to reach an annual level of $300 billion, according to a news release by the assembly.

Despite the worldwide havoc due to the pandemic, he said sales totaled $169.6 billion in 2020, beating the target.

Exports were down 6.26% in 2020, while imports rose 4.3% to $219.4 billion. The foreign trade gap widened by 69.12% to $49.9 billion.

Stressing that all Turkish sectors have scored significant achievements over the last two decades, Gülle explained: “Our production facilities have been modernized, our teams have become specialized, our capacities have sharpened, and we have become a hub for quality products.”

“Now is the time to boost the added value of our exports,” he added.

Turkey’s exports target is $230.9 billion for 2022 and grows to $255 billion by 2024, according to the government’s medium-term program, announced a week ago.

RECOMMENDED
People buy fruits from a market selling food at discounted prices, after a devaluation of the Egyptian pound led to a sharp increase in prices, in Giza, Egypt, Jan. 28, 2023. (Reuters Photo)

World food prices decline for 10th month running in January

world-food-prices
  • shortlink copied
  • RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    foreign trade turkey exports imports covid-19 outbreak
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    People walk past a shop advertising sales in Istanbul, Türkiye, Jan. 19, 2023. (Reuters Photo)

    Turkish inflation eases further from peak ahead of crucial elections

    consumer-prices
    The U.S. Navy guided-missile destroyer USS Nitze anchors in the Bosporus, in Istanbul, Türkiye, Feb. 3, 2023. (Reuters Photo)

    US envoy hails ties with Türkiye from aboard warship in Bosporus

    USS-NITZE

    Türkiye ready to support Serbia-Kosovo dialogue process: Erdoğan

    türkiye-kosovo-relations

    Over 200 flights cancelled in Istanbul due to expected snowstorm

    snowstorm
    No Image
    Sights & cycling: 56th Tour of Turkey gathers world's top riders
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021