According to the statement made by the Istanbul Ferrous and Non-Ferrous Metals Exporters’ Association (IDDMIB), the industrial sector continues to be the locomotive of the Turkish economy with its production, exports and employment. Turkey’s exports reached $23.6 billion in March with an increase of 4.4 percent compared to the same month of the previous year, breaking the record for monthly exports of all times. March exports of the sector decreased by 15.1 percent compared to the same month of the previous year and reached 1.22 billion dollars, while exports in the January-March period amounted to 3.27 billion dollars with a decrease of 13.9 percent compared to the same months of the previous year. In the first three months of the year, the sector took a 5.3 percent share from the general export and became the 6th sector with the highest export among the industrial sectors. “The earthquake disaster affected the sector’s exports by 10 percent” Çetin Tecdelioğlu, Deputy Chairman of the Turkish Exporters Assembly (TİM) and Chairman of the Board of Directors of İDDMİB, whose views were included in the statement, said the following regarding the unit export prices of the sector: “The unit export price of the iron and non-ferrous metals sector in the January-March 2023 period is 0 percent compared to the same period of the previous year. It was 4,62 dollars per kilogram with a decrease of .26. In the same period, the export of our sector reached the level of 723.2 thousand tons. In March, exports to the European Union countries, which is the region to which the sector exports the most, amounted to 674.5 million dollars. It affects exports negatively by 10 percent. Among the countries with the highest exports on a country basis, Germany ranked first with 168.4 million dollars, Italy ranked second with 96.1 million dollars, and the USA ranked third with 58.8 million dollars. Tecdelioğlu stated that the earthquake disaster in Kahramanmaraş affected the sector’s exports by 10 percent, “Our kitchen industry, our metal industry are too much in the earthquake geography. Factories are still working at 30-40 percent capacity. Especially in Kahramanmaraş, the kitchen industry has been severely affected, and the metal industry has been affected in other cities, negatively affecting the exports of the industry at the level of 10 percent.” made its assessment. We will make more visits Tecdelioğlu stated that the Far East, especially China, has taken action at very competitive prices in the whole world geography, with the decrease in container prices. “China’s aggressively competitive prices challenged us in this period. In order to be competitive, we will carry out more B2B meetings, more exhibition participation and more visits within the scope of the Far Countries Strategy.” used the phrases. Tecdelioğlu stated that an increase was observed in exports to the USA, and that the increase in this geography excited the sectors, and that the efforts to increase exports in the USA with fairs and B2Bs would continue.
A professional writer by day, a tech-nerd by night, with a love for all things money.