Turkey set record exports for 2011

Turkey’s exports in 2011 reached unprecedented levels never seen before in Turkey, measuring in at USD 134.6 billion at the end of the year, an 18.2 percent increase over 2010.

Data from the Turkish Exporters Assembly (TIM) show that the motor vehicles were the most popular of Turkish exports in 2011, representing more than USD 20 billion of the total exports from Turkey and increasing 17.4 percent over 2010.

The next popular exports from Turkey were the chemical industry and the textiles industry with both sectors exporting more than USD 16 billion worth of goods and growing by 28.9 percent and 10.7 percent respectively over the 2010 values.

In order to become a global player on the economic stage, Turkey has aims to further increase exports dramatically. Turkey has plans to become a top 10 economy in the world by 2023 – the centennial year of the republic, and in order to do this, Turkey has set a goal to have an export value of USD 500 billion by 2023.

With Turkey posting such impressive statistics this year, albeit despite the global economic crisis that is affecting many countries worldwide, you wouldn’t put it past Turkey achieving this goal and even more by 2023.

One Response to “Turkey set record exports for 2011”
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  1. […] we seek in our efforts to draw foreign companies to Turkey. Exports are particularly important, as Turkey plans to export USD 500 million worth of goods by 2023, while being among the top 10 […]

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