Türkiye gears up in exports: Target is 270 billion dollars
Minister of Trade Ömer Bolat said, "We have exported 1 billion 639 million dollars. We are going around 1 billion dollars on average daily. We are following the issue of exports of goods every hour so that we can give good news about the May figures on June 2, God willing."
In his speech at the Bab-ı Ali Meetings, Bolat made evaluations regarding the Turkish and world economy.
Bolat began his speech by recalling the five-year history of Türkiye and the world, and referred to the difficulties experienced in the world during the pandemic process in particular, reminding that Türkiye overcame this process with minimal damage and became one of the three growing countries in the world with a 1.9 percent growth in terms of economy.
Bolat touched upon the events that affected the Turkish economy, especially the Russia-Ukraine War and the earthquakes centered in Kahramanmaraş, and their effects, and provided information about the work done to restore all these balances.
Bolat pointed out that the world has also gone through the same path that Türkiye has gone through, with one less earthquake, and noted the following:
"There are confrontations and retaliations between countries, an intense period. There is almost an apocalyptic scene in foreign trade. We are trying to do foreign trade and increase exports under these conditions. We are trying to protect the interests of our country, our industry, our agriculture, our services, our national economy. We are doing trade diplomacy for this. In this atmosphere, the world economy is going through a stagnant process compared to previous periods. Uncertainty in global growth has increased rapidly after the tariff wars started on April 2. Uncertainty in global trade has also increased this year, the world average grew by 3.2 percent last year. While 3.2 percent was expected this year, the world growth estimate was pulled back to 2.8 percent."
Drawing attention to the possible negative effects of the global figures expected on Türkiye's performance in foreign markets, Bolat said that the figures show that developments in world trade will make conditions in foreign markets even more difficult.
Bolat said, "The OECD says that living standards in Türkiye have increased fourfold in the last 10 years and that Türkiye's average national income growth rate in the last 10 years has been 4.9 percent. Our average growth rate in the last 22 years has been 5.3 percent."
Speaking about the developments in Türkiye's export figures, Bolat drew attention to the increase in international direct investments in Türkiye and said that the figures showed that investors' confidence in Türkiye had increased.
Bolat said, "We currently receive a 0.8 percent annual share in international direct investment in the world. We export 7.1 billion dollars annually in the defense industry. This year, we will be able to reach 8.5 billion dollars in defense and aviation exports and we are among the top 10 in the world in the defense industry. If someone had said this 10 years ago, they might have laughed it off. Now, Türkiye is a world leader in SİHA. It is the same in other defense industry products."
Bolat stated that while Türkiye's annual exports were 1 billion dollars in 1973 and 1 billion dollars monthly in 1987, Turkey in 2025 will be exporting 1 billion dollars daily, and continued as follows:
"Yesterday was Friday, Friday is the best day for our exports. We exported 1 billion 639 million dollars. We are going around 1 billion dollars on average per day. We are following this issue of goods exports every hour regarding the May figures so that we can give you good news on June 2. God willing, we will try to exceed 270 billion dollars by the end of this year. We wish we could achieve an average of 7-8 percent annual increases in exports again, but foreign demand is low."
"AS INFLATION DECREASES, INTEREST RATES WILL DECREASE AND MARKETS WILL BEGIN TO REVIVE"Minister Bolat also pointed out Türkiye's steps and successes in foreign policy and said, "Our President is seen as a respected, prestigious, and esteemed world leader all over the world, and look, the place where conflicts in the world are resolved is now Ankara and Istanbul. Many ceasefires, peace talks, and compromises are being hosted by us. This does not happen on its own. What we do, the policies implemented, leadership, and determination come about."
Speaking about the increases in Türkiye's services exports, Bolat said that the figures here were also good in the first four months.
Bolat stated that there was improvement in employment and unemployment and concluded his speech as follows:
"We attach importance to production, providing employment, increasing exports of goods and services, keeping our foreign trade deficit and current account deficit under control and balancing, and thank God, we are successful in this. As inflation declines, interest rates will also decline and markets will begin to revive. In that sense, financial relief will begin, and we see signs of this. CPI decreased to 37.86 percent in April. Leading data and leading indicators for May show that the temperature in inflation is falling even lower. However, we are facing the summer and a period when price increases will slow down relatively. With the decline in prices and the acceleration of the disinflation process, we will all experience improvements in downward financing conditions together. As the government, we are providing very serious support in agriculture, SMEs, industry, employment and export supports. Under these conditions, the balancing and stability process in our economy will continue at an accelerated pace."
The rest of the meeting was held behind closed doors to the press.
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