Turkish exports increase in September

According to recent figures, Turkey’s exports have increased to $10.72 billion in September, an increase of 16.4 percent over the same month last year.

The figures, by Turkish Exporter’s Assembly (TIM) showed that the totally volume of exports have increased to $99.45 billion in the first nine months of the year, representing a total increase of 21.7 percent for the year.

The countries that saw the biggest increase in exports from Turkey are Lebanon where Turkish exports for September saw an increase of 136 percent. Egypt saw an increase of 65 percent, whilst Iraq was measured at 60 percent, and Israel at 27 percent, France was measured at 20 percent increase. These are huge increases in Turkish exports in many emerging and developing markets that have a good chance of increasing in the future still.

The biggest trade partner to Turkey, Germany saw exports increase by 8 percent in September. Germany and Turkey have an entwined history with many Turkish nationals living in Germany and working in Germany.

TIM Chairman Mehmet Buyukeksi said that the recent depreciation of the Turkish Lira has not decreased confidence from foreign investors in Turkey’s economy. Infact foreign direct investment was measured at $9.1 billion in the first seven months of this year. Buyukeksi said: “This is not hot money but real investment.”

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