The Automotive Sector Emerges as Turkiye’s Top Exporting Industry, Outpacing Chemicals and Apparel in July 2024, According to TIM Data.
In July 2024, Turkiye’s automotive industry secured its position as the top exporting sector, achieving an impressive $3.1 billion in exports, as reported by the Turkish Exporters Assembly (TIM). This accomplishment marks the automotive sector as the leading contributor to Turkiye’s export economy for the month.
Following closely behind, the chemical products sector recorded $2.6 billion in exports, while the ready-made clothing and apparel sector contributed $1.7 billion. Notably, the jewelry sector experienced the highest growth in exports, with a remarkable 91% increase.
The industrial group, which accounted for 70.8% of Turkiye’s total exports, saw a 14% increase in external sales, reaching $15.9 billion in July. The agriculture group, making up 12.8% of exports, grew by 3.1% to $2.9 billion, while the mining sector, responsible for 2.5% of exports, surged by 23.2% to $570.1 million.
Germany topped the list of export destinations, with Turkiye exporting $1.6 billion worth of goods to the country, followed by the United Kingdom with $1.3 billion, and the United States with $1.2 billion.
On a regional level, Istanbul led the pack with $7.9 billion in exports, trailed by Kocaeli at $1.7 billion and Bursa at $1.3 billion. Several cities, including Sakarya, Corum, Giresun, and Düzce, achieved record-high export figures.
Additionally, 1,173 companies entered the export market for the first time in July, contributing $98.3 million to Turkiye’s export revenue. The average export value per kilogram was recorded at $1.49.
Source: Trthaber / Prepared by Irem Yildiz