Exporters Recorded Massive Leap in the New Year
Mediterranean Exporters’ Associations (AKİB) Coordinator Chairman Nejdat Sin reported that the members of the union made exports of 1.42 billion dollars in January. Nejdat Sin, in his written statement, stated that the union started the year at a fast pace. AKIB is Turkey’s record holder in January exports.
Sin said, “Mediterranean Exporters’ Associations achieved an increase of 43 percent in January compared to the same period of the previous year. And realized an export of 1.42 billion dollars. In January, they supported the country’s exports by 8.8 percent. The Mediterranean Exporters’ Association is the biggest among 13 general secretariats in Turkey in terms of foreign sales volume. We became the union that achieved the highest increase.”
Increasing Exports by Sectors
Sin also evaluated the exports of his unions by sectors and added: “Our Mediterranean Chemicals and Non-Ferrous Metals Exporters’ Association performed the most exports in January with an increase of 108 percent and $472.2 million. Our Mediterranean Ferrous and Non-Ferrous Metals Exporters’ Association ranked second with an increase of 28 percent. And $333.5 million in Mediterranean Cereals, Pulses, Oilseeds. Our Products Exporters’ Association ranked third with an increase of 53 percent and $163.2 million.”
He stated that AKİB’s efforts to increase market diversity were reflected positively in the reports in the first month of the year. Sin informed that they achieved the strongest performance in export volume in the Singapore market. According to the information compiled from AKİB data, the union exported to 215 countries and regions last year.
Mediterranean exporters provided 4.8 billion dollars from exports of the chemical industry, 4.5 billion dollars from iron exports and 1.6 billion dollars from cereals. Moreover, they gained 1.4 billion dollars from fresh fruits and vegetables and 1.2 billion dollars from textiles. Finally, they generated 1.1 billion dollars from furniture exports. They previously stated that their export target for 2022 was 20 billion dollars.
Steel Export is Also on the Rise
According to estimates from the Turkish Exporters Assembly (TIM), Turkey’s overall ferrous and non-ferrous metals-steel exports in January were $1.77 billion. It is an increase of 30 percent compared to the same month the previous year. The Mediterranean Ferrous and Non-Ferrous Steel industry exported 177 million dollars. It accounted for 10 percent of overall sector exports in Turkey.
Iraq, the Netherlands, Egypt, the United Kingdom, Yemen, the Ivory Coast, Israel, Morocco, Saudi Arabia, and Germany were the top export destinations.
Chemical Products and Derivatives Exports Continue to Soar
Turkey’s overall Chemical Products and Derivatives exports in January totaled $1.33 billion. It increased by 10 percent compared to the same month the previous year. Mediterranean Chemical Products and Derivatives sector exports totaled $312 million. It accounted for 23 percent of Turkey’s total sector exports.
Spain, Egypt, the Netherlands, Malta, Gibraltar, France, Greece, Germany, the Turkish Republic of Northern Cyprus, and Italy were the top export destinations. Mineral fuels, mineral oils, and products of their distillation, plastics, and items thereof, and inorganic chemicals were the top export goods.
Mediterranean Furniture Exports Exceed Projections
The Mediterranean Furniture, Paper, and Forest Products Exporters’ Association (AKAMIB) recognized 35 export champion enterprises. The exports of these enterprises climbed by 25.3 percent to $896.7 million. “Now is the moment to execute large-scale projects” TM President Ismail Gülle stated at the event.
In his opening remarks, AKAMB President Onur Kılıçer stated that the AKAMB accounts for 13 percent of the sector’s total exports of $7 billion dollars with 900 million dollars. “Our goal this year is to reach a 20 percent raise,” Kılıçer stated. “And we accomplished an increase of 8 percent in January.” Despite several challenges over the previous two years, AKAMD has raised exports by 26 percent in both volume and value. “This needs R&D, design, and branding” Kılıçer stated. He pointed out that the most essential aspect in exporting is to improve the “unit value.”
$260M Export to the USA is Expected to Rise
Rıza Tuna Turagay, Turkey’s Deputy Minister of Commerce, pointed out that Turkey’s economy grew by 32.9 percent last year to 225 billion dollars. On the other hand, The Mediterranean Exporters’ Association grew by 46 percent, outperforming Turkey’s average. “We realized 897 billion dollars in furniture, paper, and forest goods in 2021”.
Turagay added, “but that isn’t enough.” 260 million dollars of the furniture the United States imports, which amounts to 60 billion dollars in total, belong to Turkey. In terms of furnishings, we have a lot of experience. “We’re ranked eighth in the world, but there’s still a long way to go,” he said.
“We must unite to do great things.”
Speaking at the award ceremony, TİM Chairman İsmail Gülle said that last year, the highest export in the history of the Republic was made with 225 billion dollars. And the target this year is 250 billion dollars. He added, “By uniting the forces of the Turkish export family, we can reach the set goal.”
Turkey continues to shine in exports, develop and change. Similarly, Turkish Goods remains the trustworthy face of exports, carrying a diverse range of items.
