Turkey’s exports increased 12.2 per cent in May compared to the same month last year.
On a quantity basis, the country’s exports increased by 3.8 per cent year-on-year in the month.

The country’s 12-month exports also jumped 10.2 per cent year-on-year. Exports during the first five months of 2018 were up 9.3 per cent over the same period last year.

In May, 19.8 per cent of Turkey’s exports came from the automotive sector, up 7.9 per cent compared to May 2017.

Auto sector exports were followed by the clothing and chemical products sectors.

Turkey’s exports to Germany, Britain and Italy rose 9.76 per cent, 12.51 per cent and 23.32 per cent, respectively, year-on-year in May.

Turkey continued to receive results from the export and growth campaigns launched in 2016. The country is expected to see a growth rate of 7.5 per cent in the first quarter.

The euro/US dollar parity is higher than last year. The Turkish lira has gone through a period in which it experienced a very fast value loss.

Capacity utilization rates, investment incentives and the industrial manufacturing index look healthy. The country is taking steps to abolish the current deficit problem with its investments and exports.