Turkey's Exports Rose 2.5% in January

Turkchem 03 Feb 2021 54 1 dk okuma

TURKCHEM

Turkey broke its January export record for the Republic's history with USD 15.048 billion in January exports, with the Aegean Exporters Associations contributing USD 1.063 billion 252 million, and the Aegean Region contributing USD 1.974 billion to this record.

While Turkey's exports in January showed a 2.5% increase, the Aegean Exporters Associations' exports declined by 7% in January 2021 compared to January 2020. The Aegean Exporters Associations' exports in January 2020 were USD 1.141 billion.

The Aegean Region's exports in January 2020 were recorded as USD 2.009 billion. The Aegean Region also experienced a 1.7% export decline in January.

In the Aegean Exporters Associations' USD 1.063 billion exports in January, industrial products were represented with a share of USD 615.514 million, while agricultural products exports amounted to USD 372.085 million. Mining exporters from the Aegean region brought in USD 74.932 million in foreign currency to the country.

Eskinazi: "We did not make a successful start to 2021"

Evaluating the January export figures, Jak Eskinazi, Coordinator President of the Aegean Exporters Associations, stated that they did not make a successful start to 2021, and that they would analyze the process and work to achieve better performance in the remaining part of 2021 to improve export figures.

Pointing out that importers' demand has declined due to the pandemic, that there have been crop losses in agricultural products due to global climate change, that there have been difficulties in finding containers, and that there have been significant increases in freight rates, Eskinazi said, "These developments have negatively affected the Aegean Exporters Associations' exports more severely.

Crop losses due to global climate change have occurred in many agricultural products, particularly olives and olive oil, apricots, figs, citrus fruits, chestnuts, and tomatoes. Our agricultural products exports declined by 10% in January 2021.

One of the most important factors in this decline is the negative impact of global climate change on crop yields. In 2020, our agricultural products exports contributed USD 5.1 billion. Global climate change appears likely to negatively impact our export figures. In the coming months, we will focus on digital marketing to reverse this situation," he said.