Turkey will surpass target exports for 2007
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After a fruitful 2006 in which domestic exporters earned $85 billion, Turkey now has a year-end target of $100 billion and the february data has shown that the target is well on its way.
Turkey exported $7.6 billion in goods in February 2007, a 24.5-percent compared to the same month last year. As of February, the cumulative exports for the previous 12 months totaled $88.95 billion, a 20.6-percent jump. Answering reporters' questions after the figures were announced in the Kırşehir Center of Culture by a meeting organized by Turkish Exporters' Agency (TİM), State Minister Kürşad Tüzmen said in the first two months of the year they had already earned $3 billion more now than the same time in 2006.
After a fruitful 2006 in which domestic exporters earned $85 billion, Turkey now has a year-end target of $100 billion and is well on its way. Turkey exported $7.6 billion in goods in February 2007, a 24.5 percent increase over the same month last year. As of February, the cumulative exports for the previous 12 months totaled $88.95 billion, a 20.6-percent jump.
Answering reporters’ questions after the figures were announced in the Kırşehir Center of Culture by a meeting organized by Turkish Exporters’ Assembly (TİM), State Minister Kürşad Tüzmen said in the first two months of the year they had already earned $3 billion more now than the same time in 2006. He explained that to reach their 2007 goal, they would only have to earn $12 billion more than last year in the year’s remaining 10 months.
“Considering the performance shown in the first two months, I can easily say that the year-end targets will be met,” said Tüzmen. “We are optimistic the targets will be met. For example, Kırşehir could only export $20 million two years ago. Now its sales have reached $44 million. These increases are carrying our hopes further.”He underlined that the machine production, automotive and iron-steel sectors were the champions of exports in January and February. Machine production rose by 54 percent and others have each increased by 34 percent since 2006.
TİM’s monthly figures indicated that only three sectors saw a decline: hazelnuts, olives and olive oil. The biggest increase was seen in the precious metals and mines, where the exports of these goods jumped by 111.1 percent. In terms of total worth, the biggest exporting sector has been industry with $6.61 billion. The 10 biggest importers of Turkish goods and services are Germany, Italy, Britain, Spain, Russia, the US, Romania, Iraq and the Netherlands. TiM President Oğuz Satıcı praised the exporters’ efforts in his speech. But he added that while Turkey is getting richer and richer, it still isn’t wealthy enough. More investments and production are a must, he said.
Pointing out that Turkey has to offer jobs for 700,000 new workers every year, Satıcı said: “To increase investment and production, the government has to prepare suitable grounds for foreign capital. What matters is not the origin of the capital. The important thing is the what contributions they will provide Turkey. According to our recent research, among the 1,000 companies that make the most investment, the first and the third-biggest companies are foreign.”
Satıcı also reiterated his wish for lower interest rates from the central bank. “Exports are not easily done. Thousands of workers are pouring sweat into it,” he said.
Turkey exported $7.6 billion in goods in February 2007, a 24.5-percent compared to the same month last year. As of February, the cumulative exports for the previous 12 months totaled $88.95 billion, a 20.6-percent jump. Answering reporters' questions after the figures were announced in the Kırşehir Center of Culture by a meeting organized by Turkish Exporters' Agency (TİM), State Minister Kürşad Tüzmen said in the first two months of the year they had already earned $3 billion more now than the same time in 2006.After a fruitful 2006 in which domestic exporters earned $85 billion, Turkey now has a year-end target of $100 billion and is well on its way. Turkey exported $7.6 billion in goods in February 2007, a 24.5 percent increase over the same month last year. As of February, the cumulative exports for the previous 12 months totaled $88.95 billion, a 20.6-percent jump.
Answering reporters’ questions after the figures were announced in the Kırşehir Center of Culture by a meeting organized by Turkish Exporters’ Assembly (TİM), State Minister Kürşad Tüzmen said in the first two months of the year they had already earned $3 billion more now than the same time in 2006. He explained that to reach their 2007 goal, they would only have to earn $12 billion more than last year in the year’s remaining 10 months.
“Considering the performance shown in the first two months, I can easily say that the year-end targets will be met,” said Tüzmen. “We are optimistic the targets will be met. For example, Kırşehir could only export $20 million two years ago. Now its sales have reached $44 million. These increases are carrying our hopes further.”He underlined that the machine production, automotive and iron-steel sectors were the champions of exports in January and February. Machine production rose by 54 percent and others have each increased by 34 percent since 2006.
TİM’s monthly figures indicated that only three sectors saw a decline: hazelnuts, olives and olive oil. The biggest increase was seen in the precious metals and mines, where the exports of these goods jumped by 111.1 percent. In terms of total worth, the biggest exporting sector has been industry with $6.61 billion. The 10 biggest importers of Turkish goods and services are Germany, Italy, Britain, Spain, Russia, the US, Romania, Iraq and the Netherlands. TiM President Oğuz Satıcı praised the exporters’ efforts in his speech. But he added that while Turkey is getting richer and richer, it still isn’t wealthy enough. More investments and production are a must, he said.
Pointing out that Turkey has to offer jobs for 700,000 new workers every year, Satıcı said: “To increase investment and production, the government has to prepare suitable grounds for foreign capital. What matters is not the origin of the capital. The important thing is the what contributions they will provide Turkey. According to our recent research, among the 1,000 companies that make the most investment, the first and the third-biggest companies are foreign.”
Satıcı also reiterated his wish for lower interest rates from the central bank. “Exports are not easily done. Thousands of workers are pouring sweat into it,” he said.
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