“When it rains it pours,” could be the right phrase when it comes to describing Turkey’s worsening economic indices.
Turkey’s exports declined 32.78 percent year-on-year in June to $8.12 billion, according to Turkish Exporters’ Assembly, or TİM. The bad news was delivered at a press meeting in Mardin by TİM Chairman Mehmet Büyükekşi, followed by a gross domestic product report showing a 13.8 percent contraction in Turkey’s economy during the first quarter of the year. The data announced by the Turkish Statistical Institute, or TurkStat, on Tuesday, represented the biggest slump since 1945, when the economy contracted 15.3 percent.
Büyükekşi told the members of the press that Turkey’s exports for the first half of the year declined 34.5 percent to $43.87 billion. TİM data also showed that the country’s exports increased 10 percent in June compared to May. However, that is not entirely good news because the same report also showed that Turkey’s 12-month export decreased 15.51 percent to $104.4 billion in June.
Industry has covered about 85.61 percent of Turkey’s June exports. With a decline of 35.36 percent, industry’s exports totaled $6.95 billion in June. Agriculture met 11.64 percent of Turkey’s total exports for the month of June. That also was a decline of 6.55 percent. The sector implemented exports worth $944.75 million during the period. The mining sector’s exports have also declined about 29 percent to $22.93 million in June.
“In June, the automotive sector posted the highest export figures with $1.56 billion,” said Büyükekşi. Among the companies that posted the highest export figures are Tüpraş, Ford Otosan, Oyak-Renault, Toyota, GİSAD and Vestel.
Etiketler:
0 yorum:
Post a Comment