Turkish Ports Handle Record 326.2 Million Tons in H1 2024: Fresh Momentum in Trade Flows

Turkish ports recorded a historic 326.2 million tons of cargo handling in the January‑July period, signaling a tangible resurgence in foreign trade activity.

Cargo Volumes Break Records

The figure marks a 12.4% increase over the same period last year, reflecting improvements in Turkey's export‑import balance.

New Dynamism in the Logistics Chain

■Istanbul, Izmir, and Mersin ports together account for 68% of total cargo.

■Average container dwell time fell to 4.3 days, about 7% faster than regional competitors.

■Port infrastructure projects are set to secure $1.2 billion in additional financing between 2023‑2025.

Market Outlook and Growth Forecasts

■The volume surge supports a 3.2% upward revision in TÜİK's 2024 GDP forecast.

■Freight rates are expected to dip 5%, easing transportation costs and boosting exporters' competitiveness.

■Investor interest in logistics and infrastructure firms rose by 9%.

Aylin Güneş – From a long‑term value‑investment standpoint, the sustained increase in port throughput underscores a revival in maritime trade and, coupled with infrastructure upgrades, positions Turkey's shipping and logistics sector as an attractive investment arena. Companies listed on Borsa Istanbul that provide container shipping and port services could offer investors additional upside through dividend yields and potential share‑buyback programs.