- BIST10012,151-0.94%
- USD49.220.00%
- EUR55.21+0.28%
- GOLD4,194.50-0.52%
- INTEREST37.00%-1.00
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- October 12, 202619°
- BIST10012,151-0.94%
- USD49.220.00%
- EUR55.21+0.28%
- GOLD4,194.50-0.52%
- INTEREST37.00%-1.00
- BITCOIN83,014-0.79%
- October 12, 202619°
Türkiye’s exports to the Far East rise 18.6% to $5.7 billion
Türkiye’s exports to Far Eastern countries rose 18.6% in the January-August period to $5.736 billion. China was the top export destination at $2.530 billion, while Singapore recorded the highest growth rate at 154.2%.
Türkiye’s exports to Far Eastern countries rose 18.6% in the January-August period compared with the same period last year, increasing from $4.835 billion to $5.736 billion. This represented an increase of $901.237 million in exports to the region.
Türkiye’s total exports also rose 4% over the same period, reaching $185 billion from $177.9 billion.
China was the top export destination
Bangladesh, Brunei, China, Timor-Leste, Indonesia, the Philippines, South Korea, Japan, Cambodia, North Korea, Laos, Malaysia, Mongolia, Myanmar, Pakistan, Singapore, Sri Lanka, Thailand, Taiwan and Vietnam were among the Far Eastern countries to which Türkiye exported.
China received the largest share of Türkiye’s exports to the region, at $2.53077 billion. Exports to China rose 35.1% year on year.
China was followed by South Korea at $480.206 million, Japan at $423.784 million, Indonesia at $365.519 million and Pakistan at $361.643 million.
Exports to South Korea rose 15.8%, those to Japan increased 11.8% and exports to Indonesia grew 15.2%, while exports to Pakistan rose 2.2%.
Singapore recorded the highest growth rate
Singapore recorded the largest percentage increase in exports among Far Eastern countries. Exports to Singapore rose 154.2%, from $127.662 million to $324.529 million.
Singapore was followed by Brunei, with an increase of 147.6%, Laos with 82.7%, Cambodia with 49.1% and China with 35.1%. Exports to Brunei reached $3.062 million, those to Laos totaled $5.799 million and exports to Cambodia reached $22.186 million.
Exports to 14 Far Eastern countries increased during the January-August period, while exports to six countries declined. Total exports to China, South Korea, Japan and Indonesia reached approximately $3.8 billion.
Mining products ranked first
Mining products led Türkiye’s exports to Far Eastern countries by sector. Exports in this sector rose 39.1%, increasing from $1.2422 billion to $1.7273 billion.
Mining products were followed by chemicals and chemical products at $983.9 million, and textiles and raw materials at $408.3 million.
Istanbul led regional exports
Istanbul, Ankara, Izmir, Elazığ and Kocaeli stood out in Türkiye’s exports to Far Eastern countries. The five provinces’ combined exports to the countries of the region exceeded $4.121 billion.
Istanbul ranked first with $2.027159 billion. Ankara came second with $1.333264 billion, followed by Izmir with $366.129 million, Elazığ with $202.828 million and Kocaeli with $192.029 million.
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