Baby & Kid Store November 2020

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Turkey: Exports reach $16.01B in September
Turkey hits all-time high September export figure this year, says trade minister Ruhsar Pekcan
Says trade minister Ruhsar Pekcan
Turkey this year hit an all-time high in September export figures
-- $16.01 billion -- Turkey’s trade minister recently announced.
The country’s exports rose 4.8% on a yearly basis and 28.5% on
a monthly basis in September, Ruhsar Pekcan said.
Turkey’s exports also climbed 34.5% in the third quarter of this
year from the previous quarter, she added.
These export figures confirm that Turkey’s recovery and normalization
from the pandemic period are continuing successfully,
Pekcan stressed.
Meanwhile, the country’s imports in September totaled $20.89
billion, with an overwhelming 89.3% made up of raw material
and capital goods, she said.
In the first nine months of this year, Turkey’s exports totaled
$118.35 billion and imports $156.24 billion, the trade minister
added.
In September, export/import covering ratio -- excluding gold
imports -- was around 90.9%, and it was 84.4% in the first nine
months, she noted.
“The purchase and sale of gold should be evaluated differently
from goods trade.
“Through gold imports, gold -- which has a capital value -- is
brought to the country in exchange for foreign currency,” she
stressed.
In September, the gold imports were $3.4 billion, she added.
Apparel exports posted 15% rise to reach $1.6 billion in September,
while textile rose by 12.8% to $1.1 billion, chemicals by
19.4% to $1.1 billion and machinery by 4.8% to $2.1 billion, she
said. The minister also noted that the automotive sector posted
an increase for the first time during the pandemic period by
0.5% to $2.2 billion.
The country’s exports to France rose by 12.8%, while Germany
(10.6%), the UK (3.2%), and Spain (2.3%) followed it in September,
the minister stressed.
Italy and the Netherlands posted drops by 7.2% and 5.9%,
respectively, she added. Exports to the EU increased by 5.6%, to
America by 22%, to Asia 6.8% and to Africa by 1.7% in September,
she said.
Stressing that the pandemic narrowed the world economy at an
unprecedented level and reduced demand in important markets
such as the EU, Pekcan said Turkey has posted a significant
performance in the export side.
Touching on Turkey’s supports for exporters, she said the
country’s Eximbank in the first nine months raised its supports
by 7% to $30.4 billion.
She also said the country organized 24 trade delegations, covering
40 countries this year and made 4,200 business meetings.
Pekcan highlighted that the number of Turkish exporters increased
by 6.8% year-on-year in September.
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