Turkey's exports fell by 14.4 percent to 9.21 billion dollars in January 2016, comparing to the same month of last year, Turkish Exporters' Assembly (TIM) data said.
Automotive industry saw the highest export rate in January with 1.52 billion dollars, followed by garment industry with 1.34 billion dollars and chemical and chemical products industry with 1.0 billion dollars.
The industry with the highest export rate was the defense and aerospace industry with 19.4 percent, while ornamental plants and products industry exports increased by 0.9 percent and tobacco industry rose by 0.7 percent.
Germany, the U.K., Italy, the U.S. and Iraq recorded the highest number of exports:
-Exports to Germany fell by 1.5 percent to 1.07 billion dollars,
-U.K. dropped by 15.9 percent to 631 million dollars,
-Italy decreased by 2.0 percent to 558 million dollars,
-The U.S. fell by 6.6 percent to 449 million dollars,
-Iraq dropped by 47.9 percent to 441 million dollars.
Saudi Arabia has marked the highest export rate increase among top 30 countries with 30.5 percent in January. Export rate to Egypt rose by 15.1 percent and to Isreal by 9.0 percent.
Exports to Latonia increased by 180 percent, while exports rose by 120 percent to Ghana, by 106 percent to Ethiopia, 89 percent to Indonesia, and 45 percent to Singapore.
In January, Turkey's exports reached to 220 countries and regions, while exports to the European Union (EU) was at 6.4 percent. This rate was 25.7 percent to the Middle East, 5.2 percent to Africa, 7.0 percent to Northern America and 46.0 percent to the Commonwealth of Independent States.
Regarding the top five provinces for exports, Istanbul decreased by 13.1 percent, Bursa by 14.4 percent, Kocaeli by 19.6 percent, İzmir by 4.6 percent and Ankara by 7.4 percent in January.
“2016 can become a year of opportunities”
The lift of sanctions against Iran on Jan 17 could be a significant development for Turkey's exports to the country, said TIM Head Mehmet Büyükekşi.
“Iran will be on the front holding a population of 82 million and gross domestic product of 417 billion dollars, marking an identity of a constant market in the upcoming term” noted Büyükekşi.