Export Expectations on the Rise

Turkey's export expectations are trending upwards. According to Minister Bolat's written statement, the Foreign Trade Expectations Survey for the third quarter of the year shows that the export expectation index increased by 2.4 points to 101.5 compared to the previous quarter. This indicates that export expectations are on the rise.

Future of Exports

The countries where export companies plan to export for the first time are USA in the first place, Australia in the second place, and Egypt in the third place.

■The export expectation index being above 100 indicates that export expectations are on the rise.

■Exports increased by 21.9% in June compared to the same month last year, reaching $24 billion 940 million.

■The 6-month export figure increased by 3.6% to $136.06 billion, and 12-month exports reached $277 billion 940 million.

Market Assessment

Despite increasing competition conditions, geopolitical tensions, and protectionism in the global economy, weak external demand, and developments in our nearby geography, the fact that exports have reached the $278 billion threshold reflects the dynamism of exporters and the country's production capacity.

There are positive expectations about the future of Turkey's export performance. The increase in exports will contribute to the country's economic growth.