Trade Minister Ruhsar Pekcan Announces July Export Figures

Minister of Trade, Ruhsar Pekcan announced the export figures in July
Minister of Trade, Ruhsar Pekcan announced the export figures in July

Trade Minister Ruhsar Pekcan, by June of Turkey's exports in July increased 11,5 percent reported that 15 billion is $ 12 million.

Pekcan, a written statement, contribute to the growth of exports, reducing the current account deficit, while stressing that Turkey's economy continued to be the driving force. Minister Pekcan underlined that the recovery in exports continues in July, after the new type of coronavirus (Kovid-19) outbreak.

Explaining that July export was realized as 11,5 billion 15 million dollars with an increase of 12 percent compared to the previous month, Pekcan pointed out that the export reached the highest value of 19 by exceeding the levels before the Kovid-2020 epidemic and the second highest July figure to date has been realized.

Explaining that exports decreased by 2019 percent in July 19, due to the high base, lack of working days and the Kovid-5,8 outbreak, Pekcan added that the average daily exports reached $ 16,8 million with an increase of 715 percent compared to June.

“The highest coverage rate of 2020”

Indicating that imports were $ 7,66 billion 17 million in July, falling by 756 percent year on year, Pekcan said:

“The ratio of exports to imports covered 82,6 percent in June, reaching 84,5 in July. The ratio of exports to imports excluding gold increased to 93,9 percent. Thus, in July, we reached the highest export value of 15 with an export of 12 billion 2020 million dollars and the highest import coverage ratio of the year with 84,5 percent in total and 93,9 percent excluding gold. ”

Pekcan, when removed gold from foreign trade data by drawing attention to what they see as a competitive point that Turkey's economy in the trading value chain, "Gold, a savings vehicle is a kind of capital. Therefore, it is healthier to consider gold as a capital movement. ” found the assessment.

11,9 percent in the second quarter of the EU economy, the US economy shrank 32,9 percent of the Pekcan pointed out that, when these figures are considered important value of Turkey's exports and stressed that meaningful.

“The upward trend in the main export sectors continued”

Minister Pekcan also stated that they will continue their efforts without interruption in order to maintain the increase in exports and positive performance in foreign trade.

Noting that the increase trend in the main export sectors after the epidemic continued in July, Pekcan stated that exports in the automotive sector increased by 10,1 percent, 41 percent in apparel and 18,5 percent in textiles compared to the previous month.

Stating that exports to the EU increased by 12,8 percent compared to the previous month, with the normalization in the main export markets, Pekcan emphasized that the most exported countries in July were Germany with 1 billion 458 million dollars, the United Kingdom with 963 million dollars and the USA with 942 million dollars.

Underlining that there is an increase in the number of exporting companies, Pekcan said, "While approximately 27 thousand companies exported in April, over 41 thousand companies exported in July." shared his knowledge.

"Despite all the negativity of the pandemic period, Turkey's reliable, it proved to be a stable supplier countries," indicating Pekcan, he said:

"Following the June export figures for July, Turkey's economy has strengthened our belief that the process of providing a strong output from the pandemic, the process of normalization of the country showed that economically separated from other countries. I would like to thank all employees who contributed to our exports, especially TIM, exporters' associations and employees of our ministry. We have a long way to go, we will continue to work with our manufacturers and exporters without interruption. ”

Günceleme: 04/08/2020 13:40

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