Trade Minister Mehmet Muş announced the foreign trade figures for November at the meeting held at Adana Chamber of Commerce with the participation of Turkish Exporters Assembly (TİM) President Mustafa Gültepe and other interested parties. Stating that exports continued to accelerate last year in 11 months of this year and reached the highest monthly export value as every month, Minister Muş said, “Our exports in November increased by 1.9 percent compared to the same month of the previous year and reached 21.9 billion dollars. January -In November, our exports increased by 14 percent to 231 billion dollars. With the effect of the sharp increase in energy and commodity prices, our imports became 30.7 billion dollars in November. This month, our energy imports increased by 17.4 percent to 7.7 billion dollars, accounting for one quarter of our total imports. As a matter of fact, the latest data announced by the World Bank shows that there has been a 70.2 percent increase in energy prices in the first 10 months of 2022 compared to the previous year. It also increases the import of our country, which imports energy,” he said. Expressing that the recent increase in gold imports has also been effective in the increase in imports, Muş said, “Our gold imports increased by 2500 percent in November and reached 2.6 billion dollars. In the January-November period, total gold imports increased by 242 percent compared to the same period of the previous year. 8 billion dollars. In addition, the negative effects of the parity on our foreign trade figures continue. With the effect of parity, our foreign trade deficit was realized approximately 3 billion dollars more in the January-November period.” Import of motor land vehicles was 1.9 billion dollars Stating that some sectoral developments also had an impact on November imports, Minister Muş continued his words as follows: “With the alleviation of the problems in semiconductor supply in various sectors, especially automotive last year, the global automotive market started to revive. In this context, our motor land vehicle imports in November. “This month’s foreign trade deficit has increased by 40 percent to 1.9 billion dollars. Therefore, the significant increase in energy, gold and automotive items has a share in our foreign trade deficit.” Opening a separate parenthesis to service exports, Muş said, “Our service revenues continue their strong course with the significant impact of travel and transportation revenues. In the January-September 2022 period, 31.3 billion dollars was achieved with an increase of 69.4 percent. In the same period, 57.9 percent. With an increase of 26.8 billion dollars in transportation income was obtained. Minister Muş emphasized that as a ministry, they continue to provide all kinds of support to exporters at a time when global uncertainties have grown so much. Stating that they supported the exporters to hold on in distant markets such as Asia and South America with the “Far Countries Strategy”, which they put into use in the middle of the year, foreseeing the shrinkage in traditional export markets, Minister Muş said: On the other hand, while many companies, especially in Europe, are looking for various ways to save energy, the possibility of production and investments shifting to new routes with the approaching winter is getting stronger. On the other hand, we are carrying out intensive commercial diploma activities so that Turkey is the first choice of the Middle East and Gulf countries, whose incomes and therefore demands are rising due to rising energy prices. After the Preferential Trade System between the countries of the Organization of Islamic Cooperation and the arbitration center, we held extensive meetings to further develop our commercial relations. While the global economy is stuck between inflation and shrinkage, we continue our self-sacrificing efforts to ensure that our country emerges from this unnamed global crisis environment with the least damage, as it was during the pandemic period.
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