Turkey’s exports showed a year-on-year rise in August, with the car exports increasing 23 percent in the mentioned period, data from the Turkish Exporters Assembly (TİM) showed on September 1, Daily Hurriyet News reports.
Exports rose by 6.9 percent in August to $11.16 billion compared to the same month of 2015, marking the largest increase in exports in the last 28 months.
The automotive sector made exports worth over $1.68 billion in August, amounting to 15.1 percent of Turkey’s total exports, according to the TİM data, which excludes gold and jewelry data. The sector was followed by the ready-made clothing sector with exports worth $1.61 billion and the chemical materials sector with exports worth $1.21 billion.
While Turkey’s total exports were announced as amounting to $92.6 billion in the first eight months of the year, marking a 3.1 percent decrease, its 12-month exports amounted to $140.9 billion, marking a 5 percent decline.
In the first eight months of the year, the automotive sector again topped the list with exports worth $15.14 billion, followed by the ready-made clothing and confection sector with exports worth $11.58 billion, and the chemicals sector with exports worth $9.17 billion.
