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Turkiye: The locomotive of exports was the automotive industry in October

The automotive industry was the sector that exported the most last month with $3 billion 87 million.

According to the data of the Turkish Exporters Assembly (TIM), the automotive industry, which achieved exports of $3 billion 87 million last month, was followed by chemicals and products with $2 billion 706 million, and ready-made clothing and apparel with $1 billion 497 million.

The highest export increase in October compared to the same period last year was recorded in the jewelry sector with 85%.

Last month, exports of $15 billion 844 million were made in the industrial group, which accounts for 69.3% of Turkiye’s total exports, with an increase of 5.6%.

In the agricultural group, which constitutes 14.2% of total exports, exports increased by 7.3% to $3 billion 246 million, and in the mining group, which received a share of 2.2%, exports increased by 8.7% to $502 million 209 thousand.

Most exports were made to Germany

In the list of countries with the most exports in October, Germany was at the top with $1 billion 508 million, followed by the USA with $1 billion 81 million and Iraq with $1 billion 27 million.

The top 3 provinces with the most exports last month were Istanbul with $8 billion 369 million, Kocaeli with $1 billion 638 million, and Bursa with $1 billion 459 million.

In October, the average kilogram unit export value was $1.46. The positive reflection of the increase in euro/dollar parity seen since April on exports continued last month. In October, the parity difference contributed $643 million to exports. Thus, the contribution of parity to exports this year increased to $2.4 billion.

Source: Trthaber / Prepared by Irem Yildiz

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