TODAY’S – Exports increase sharply, top $13 billion in April

Exports increase sharply, top $13 billion in AprilExports from Turkey totaled $13.1 billion in the month of April, an 11.5 percent increase from the same month last year, according to figures from the Turkish Exporters’ Assembly (TIM) announced by TIM President Mehmet BuyukekIi on Thursday.For the first four months of 2014, exports totaled $53.4 billion, a 9.5 increase from the same period last year. “If these increases continue, we think that we will be able to reach our 2014 export targets of $166.5 billion,” said BuyukekIi, emphasizing that last month’s export figures broke national records, based on recently-released figures from the Turkish Statistics Institute (TurkStat).The largest exports during the month of April were from the automobile, ready-made clothing and chemical products sectors, which saw export figures of $2.97 billion, $1.55 billion and $1.48 billion, respectively.The ship and yacht building sector saw the highest increase in exports, rising 161 percent in comparison to the April 2013 figures. Seafood and animal products exports rose 32 percent, while ornamental plant exports rose 27 percent.Interesting figures were released regarding Turkey’s export figures to various countries that were off Turkey’s radar in previous years. Exports to Malta last month increased a whopping 625 percent, while the export figures for Ecuador, Vietnam, the Dominican Republic, Colombia and Gabon all saw large increases of 240, 200, 186, and 177 percent, respectively, indicating that Turkish exporters have diversified their market range.Exports to the European Union shot up 22 percent since April 2013 to a total of $5.88 billion, while exports to the Middle East rose 17 percent to $2.57 billion. The province of Sakarya increased its export performance by 100 percent compared to April of 2013, the highest increase of any Turkish provinc

SOURCE: Todays Zaman