The automotive industry remained the top exporting sector in Türkiye, achieving a 21% year-on-year growth in September and contributing 17.7% of the country’s total exports. In the first nine months of 2024, automotive exports reached $26.9 billion, reflecting a 5.3% increase compared to the same period last year.
Chemicals and chemical products generated $2.2 billion in export revenues in September, although this marked a 20% decrease from the previous year. Despite the decline, export revenues for this sector in January-September increased by 4.2% year-on-year, reaching $23.2 billion. Türkiye’s apparel sector experienced a downturn, with September exports falling 5% to $1.6 billion, and nine-month revenues dropping 8.5% to $13.6 billion annually.
The dried fruits and products sector reported the highest growth in September, with a 47.2% increase in exports. Industrial products made up 64.3% of Türkiye’s total exports in September, while the agriculture sector accounted for 15.5%.
In parallel, the country saw significant growth in foreign trade conducted in Turkish Lira. From January to September 2024, trade in local currency rose by 41% year-on-year to over 800 billion liras. Exports in Turkish Lira increased by 48% to 222 billion liras, while imports amounted to 578 billion liras.
Discover in-depth supply chain report news insights at The Supply Chain Report. For international trade tools, see ADAMftd.com.
#ExportNews #AutomotiveIndustry #TradeUpdate #EconomicGrowth #TürkiyeTrade
