Turkiye’s furniture, paper and forest products exports in the first 5 months were $3.3 billion, following a parallel course compared to the same period of the previous year.
According to the information compiled from the data of the Turkish Exporters Assembly (TIM), Turkiye’s exports for the last 12 months reached $254.4 billion as of the end of May, while the export figure for the first 5 months was $102.5 billion.
In the January-May period, Turkiye’s exports of furniture, paper and forestry products amounted to $3 billion 318 million.
While exports were made to a total of 202 countries in the said period, furniture, paper and forestry products were exported to 8 countries for more than $100 million and to 129 countries for more than $1 million.
In the first 5 months, Iraq was one of the countries with the highest sales of the sector with $401 million, while exports to this country increased by 1.5% compared to the same period of the previous year.
Iraq was followed by Israel with $172.7 million, the United Kingdom with $169 million, Germany with $147.1 million, Iran with $131 million, and Libya with $120.4 million.
USA took its place in the top 10 with $116 million, France with $104.7 million, Morocco with $99.5 million and Russia with $97.7 million.
The increase in Saudi Arabia approached 6627%
In the January-May period, the highest increase among the countries where exports of furniture, paper and forestry products exceeded $1 million was realized in Saudi Arabia, where exports of $51.3 million were made. The increase in exports to this country approached 6627%.
Latvia followed Saudi Arabia with 256.6% ($3.4 million), Thailand with 120.2% ($ 2 million), El Salvador with 111.1% ($ 1.2 million), and Russia with 103.5%.
The rate of increase is 99.7% in Ukraine, 96.4% in Belarus, 78.7% in Tajikistan, 78.6% in Brazil, 58.3% in Serbia, 53.8% in Lithuania.
Sector representatives, in their previous statements, stated that the 2023 target for exports of furniture, paper and forestry products is $10 billion and drew attention to the fact that the decline in February due to earthquakes will be compensated in the coming months.
Source: Trthaber / Prepared by Irem Yildiz