Business is booming.

Exports to the USA exceeded 6 billion dollars in the first 5 months of the year

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According to the information compiled from the Turkish Exporters Assembly (TIM), Turkey’s exports increased by 20.4 percent in the 5 months of this year compared to the same period of the previous year and amounted to 102 billion 504 million dollars.

The USA became the second country to which Turkey made the most foreign trade in 5 months of the year. Exports to the USA increased by 28.6 percent in the first 5 months compared to the same period of the previous year and reached 6 billion 72 million 901 thousand dollars. The share of the USA in Turkey’s exports was 6.52 percent.

In this period, the most chemical matters and products were exported to the USA. Exports of chemical materials and products to the USA increased by 55.2 percent in the first 5 months and reached 682.7 million dollars.

In the first 5 months of the year, the most exports to the USA, where exports were made from 68 cities in Turkey, were from Istanbul. Bursa, Gaziantep, Kocaeli, Ankara and İzmir followed Istanbul respectively.

Exports of companies from Istanbul to the USA increased by 41.4 percent in the first 5 months compared to the same period of the previous year, and rose to 2 billion 378.3 million dollars.

“IRON-STEEL DEPARTMENT HAS VALUABLE POTENTIAL”

Foreign Economic Relations Council (DEIK) Turkey-USA Business Board (TAIK) Leader Mehmet Ali Yalçındağ, looking at the official data announced by the Ministry of Commerce, stated that in the first 5 months of the year, the trade volume with the USA increased by 32 percent to over 13 billion dollars. “For the first time, we started to have a trade surplus in our bilateral trade with the USA. We are extremely proud to have made this success sustainable.” he said he

Yalçındağ, who mentioned that the positive separation in exports is carried by the segments where Turkey is classically strong, made the following assessments:

“We see a strong increase in iron and steel exports, approaching 90 percent compared to the previous year. At this point, it should not be overlooked how difficult the aluminum and steel additional taxes imposed on our country, especially in accordance with Section 232, put Turkish industrialists. We are aware of the fact that the iron and steel branch, which continues to lead our exports to Turkey, has the potential to play a much more valuable role in the commercial relations of the two countries. We continue to share our offers and requests for the analysis of the issue with our American counterparts.”

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