Turkey eyes over $130 bln from exports in 2011

Turkey's foreign trade minister has said the country was expected to receive more than $130 billion from exports in 2011.

Turkey eyes over $130 bln from exports in 2011

Turkey's foreign trade minister has said the country was expected to receive more than $130 billion from exports in 2011, at least $2.5 billion higher than a 2011 target set by a medium-term economic program.

"The Medium-Term Program sets the target for exports at $127.5 billion but we will reach well over $130 billion in 2011," Zafer Caglayan told reporters in a press meeting after a Turkish exporters' union announced on Monday export figures for 2010.

According to the figures of the Turkish Exporters' Union (TIM), exports from Turkey climbed 11.3% in 2010 to reach 113.686 billion USD -- above Turkish government's target of 111.7 billion USD. Exports were also up in December 2010 by 21.28 percent over the same period a year earlier to stand at 11.6 billion USD.

Caglayan reiterated that Turkey eyed to receive $500 billion from exports by 2023 -- the centennial of the foundation of modern Turkey.

"We will reach our target of $500 billion in 2023," he said.

TIM's figures have said automotive sector -- often considered as the locomotive of the country's economy -- ranked the first in the exports of industrial products with a surge of 14.83 percent, which was followed by ready-wear clothing and textiles industry with 12.66 percent, and by iron and steel products with 11.02 percent.

Germany was at the first spot on a top-ten list of major importers of Turkish goods, which was followed by Iraq, Great Britain, Italy, France, Russia, Spain, the United States, the United Arab Emirates and Iran.


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Last Mod: 03 Ocak 2011, 15:44
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