Turkey's exports ...touch the threshold of $ 15 billion in early 2020

During the month of January, Turkey managed to break a new record in the field of exports, amounting to 14 billion and 765 million US dollars, a growth rate of 6.1 percent compared to exports for the same period in 2019.

The head of the Turkish Exporters Council, Ismail Gulle, said during a meeting in the southern state of Hatay, that the total number of exports last year amounted to 181.6 billion dollars, while closing the gap between the country's exports and imports amounted to about 76.8 percent during January 2020.

And Ismail Gulle attributed the rise in exports to the continued Turkish economy, which gained more records, as it recorded positive growth in the third quarter of last year, which contributed directly and significantly to the increase in the volume of the country's exports.

The Turkish President, Recep Tayyip Erdogan, has made promises of continuous work and made strenuous efforts in order for Turkey to break its place among the 10 most powerful and economically robust countries in the world despite the constant attempt by some parties to manipulate exchange rates and inflation rates.

For his part, the Turkish Minister of Finance and Treasury Berat Albayrak previously pledged to achieve the balance that the country knows in all areas of the economy for stronger competition in global markets, especially after the success of the policies of the central bank in curbing inflation and reducing interest.

Indicators of the continued success of the Turkish economy in the future

All indicators of the Turkish economy tend to achieve more recovery and steady growth in the coming years, including:

  • The remarkable and continuous growth in the country's exports, which amounted to 181.6 billion USD during the year 2019.

  • The big figures for the success of tourism, as the sector revenues reached about $ 30 billion in 2018, with a growth rate exceeding 14 percent, and Turkey is expected to receive 70 million tourists before 2023 as the sixth most popular destination in the world.

  • The rate of inflation that the country planned to combat during the year 2019 decreased to 11.84 percent.

  • Reduced the budget deficit for national income from 16% to 1%.

  • Low fluctuation of the Turkish lira and declining interest rates coinciding with the low rate of inflation.

  • The rate of investment in the private sector has doubled due to the continuous incentives provided by the Turkish government to private businessmen.

  • Increase in the volume of foreign investments, as it is expected, for example, that the value of trade exchanges between Turkey and the Arab countries at the end of the year 2020 will exceed $ 70 billion.

  • High volume of production in all economic sectors. In the gold field, Turkey will conclude this year by producing approximately 45 tons of yellow metal.

  • Capital utilization rates have increased as Turkey has become a de facto economic model for the countries of the Middle East, Central Asia, Southern Caucasus, the Balkans, and the like.

  • 43 Turkish construction companies ranked among the top 250 global construction companies.

  • The largest producer of televisions in Europe and light commercial vehicles and an important financier of the German market due to the quality of their products.

  • The eighth largest producer of foodstuffs in the world and a pioneer in the textile industry.

Economists affirm that Turkey has witnessed a huge leap in the field of growth and development, but rather has become a model globally through its economic performance achieved over the past 17 years, where Turkish per capital income increased from one third of the income of a European citizen to two thirds during the same period.

The positive figures achieved by the Turkish economy ladder, according to those who know, are based on a number of factors, the most prominent of which is the package of economic, political and security measures adopted by the government to counter the economic attacks that were intended by some powers, as well as the development plan drawn up by the Turkish Central Bank and the Ministry of Finance, which enabled the recovery of the decline in the index Consumer prices.

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