Aegean Free Zone exports reached $1.5 billion

Exports of the Aegean Free Zone in the January-July period increased by 14.35% compared to the same period of the previous year and reached $1.5 billion.

According to the statement made by Aegean Free Zone Founder and Operator Inc. (ESBAS), the region’s exports increased by 33% in July.

Exports in the January-July period increased by 14.35% and reached $1.5 billion.

Faruk Guler, Chairman of the Executive Board of ESBAS, whose views were included in the statement, pointed out that the high rates of increase in the region’s trade volume and exports in July occurred during the stagnation period in global trade.

Guler used the following statements:

“As stated in the World Trade Organization’s World Trade Statistics Review 2023 Report; despite the meager, albeit weak, growth in global trade in 2022, global trade is performing worse this year than in the previous year, as geopolitical tensions, persistent high inflation and tightening financial conditions weigh on consumption and investment. In fact, the slowdown in global trade that started in 2020, with the war in Ukraine, inflation, monetary tightening and widespread debt problems after the pandemic, has been continuing for three years. Despite this, the Aegean Free Zone was able to increase its trade volume by 21.56% in 2021 and 13.49% in 2022. The increase in exports in the last two years was in double digits, such as 16% and 10%. As the numbers show, our region has managed to positively decouple from the bad course in the global economy for the last 3 years.”

Source: Trthaber / Prepared by Irem Yildiz

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