Turkey’s exports up 5.8 pct in May

2 June 2014

Turkey’s exports were up 5.8 percent in May when compared to the same month in 2013 reaching $13.4 billion, Turkey’s Exporters Assembly (TIM) announced on Sunday.

“The export figures in May broke a historic record,” said Chairman of Turkey’s Exporters Assembly, Mehmet Buyukeksi, in a press conference he held in the southeastern province of Sanliurfa.

He noted that Turkey’s exports in the past 12 months had increased 1.7 percent and reached $156.1 billion.

According to the report, growth in export rates was achieved in the following sectors: automotive, machine, knitted outerwear, plastic and furniture.

Positive net exports were observed in Iraq, Azerbaijan, Britain, Libya and Egypt.

The European Union remained Turkey’s biggest trade partner. The top five countries receiving Turkish exports were Germany, Iraq, Britain, Russia and France.

The report also showed a 4.2 percent slowdown in imports in May.

Source: Anadolu Agency