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Historical peak in exports to the USA

Turkey’s exports to the USA reached the highest January-November figure of all time with 13 billion 216 million dollars.

The share of the USA, the world’s largest economy, in Turkey’s 11-month exports reached a record level. Effective strategies implemented by Turkey in exports continue to bear fruit. The demand for Turkish products by the US companies, Turkey’s strategic partner in trade, continues to increase. According to the information compiled from the data of the Turkish Exporters Assembly (TIM), Turkey’s exports to the USA reached the highest January-November figure of all time with 13 billion 216 million dollars. Exports to the USA increased by 14.8 percent in the 11 months of the year compared to the same period of 2021. The share of the USA in Turkey’s exports was 5.71 percent. Thus, the USA became the second country to which Turkey exports the most in the January-November period. Turkey, Germany and the USA were followed by the United Kingdom with 11 billion 252 million dollars, Italy with 10 billion 268 million dollars, and Iraq with 9 billion 534 million dollars. The USA was also recorded as the second country with the highest increase in Turkey’s exports in terms of value, with 1 billion 699 million dollars. In the January-November period, Turkey increased its foreign sales to the Russian Federation with a maximum value of 1 billion 951 million dollars.

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Exports of leading sectors exceeded 1 billion dollars

The exports of the leading sectors in exports to the USA exceeded 1 billion dollars. In the 11 months of the year, chemicals and products were the most exported to the USA with 1 billion 439 million dollars. This sector was followed by the automotive industry with 1 billion 334 million dollars, the steel industry with 1 billion 170 million dollars, the jewelry industry with 936 million 855 thousand dollars, and ready-made clothing and apparel with 929 million 451 thousand dollars. The least export to the country is ornamental plants and products with 2 million 192 thousand dollars, other industrial products with 3 million 869 thousand dollars, fresh fruits and vegetables with 8 million 368 thousand dollars, hazelnuts and products with 26 million 65 thousand dollars, ships with 60 million 657 thousand dollars. yacht and services.

1 billion 118 million dollars from Bursa, 1 billion 45 million dollars from Kocaeli, 1 billion 17 million dollars from Ankara and 1 billion 7 million dollars from Gaziantep were sold to this country.

We expect the USA to be our most important export market

 

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Süleyman Sanlı, Chairman of the Turkish-American Businessmen’s Association (TABA-AmCham), said that they expect Turkey’s exports to approach $15 billion by the end of the year, while mutual trade will reach $27-28 billion. Stating that the USA has become the second most important country in Turkey’s export market, Sanlı said, “It was in the fourth place before, and now it has risen to the second place. We expect it to become the leader in a short time.” said. Süleyman Sanlı said, “There are mutual negotiations between the ministries of commerce of Turkey and the USA for the mutual abolition of taxes. If the taxes on Turkish steel and aluminum are lifted, we will reach the level of 20 billion dollars today. In fact, we foresee that our exports will reach 25 billion dollars in 2023.” made his comment. Famous, Regarding which sectors there are opportunities in the USA for Turkish business people, “There are serious opportunities in front of the furniture sector. There have been important entrances to the USA market in this sector from our members. It is very valuable for our companies to enter the market under their own names.” he said. Stating that there are significant investments in logistics and e-commerce, Sanlı said, “There are important opportunities in the USA in leather, cosmetics, technical textiles, medicine and health tourism.” made the statement. Stating that there are significant investments in logistics and e-commerce, Sanlı said, “There are important opportunities in the USA in leather, cosmetics, technical textiles, medicine and health tourism.” made the statement. Stating that there are significant investments in logistics and e-commerce, Sanlı said, “There are important opportunities in the USA in leather, cosmetics, technical textiles, medicine and health tourism.” made the statement.

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