Latest data from the Turkish Exporters Union (TIM) shows that Turkey increased its exports in June by an incredible 25.2% when compared to the same month in 2010, and exports for June have now reached $11.51 billion. This latest data shows that exports are continuing to drive Turkey's economic growth, and the figures for exports during the last year total nearly $125 billion.
The majority of Turkey's exports are down to industry, and this sector has increased by 25.6% over the same month in 2010, and accounts for nearly 85% of total exports. The remaining 15% is divided between the mining sector and the agricultural sector, with the mining sector contributing 3.22% to the total amount of exports for June, while the agricultural sector accounted for the remaining 11.91%. The car industry accounted for the highest revenues at $1.8 billion, which is closely followed by the textile industry with $1.48 billion. The iron and steel industry and the chemical goods industries were not far behind, accounting for $1.31 billion and $1.46 billion respectively.
Overall the fishery and livestock industry has expanded its exports by the highest percentage when compared with figures for June 2010, with an incredible 99.69% increase. The trade in cereals increased by 49.79% in June compared to June 2010, and the ornamental plant industry increased by 40.59%. Not all industries fared so well, as the shipping and fruit industries saw declines of 35.23% and 15.13% in June.
The TIM President Mehmet Buyukeksi is very pleased with these figures and feels that Turkey has successfully implemented an economic recovery program. He is quoted as saying "These are strong growth figures, price and financial stability in the country.”
One of the most interesting facts about this recent data is that it showed exports were increasing to EU countries, especially those who have been hardest hit by the crisis.
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