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Turkey’s Exports Rise 1.8% as Government Proposes New Incentives | ASHARQ AL-AWSAT English Archive 2005 -2017
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Containers waiting to be transported at the port of Qingdao, China, on March 7, 2014. (STR/AFP/Getty Images)

Ankara- Turkey’s exports rose 1.8 percent year-on-year to $12.7 billion in June, the country’s main exporters’ association has said.

The Turkish Exporters’ Assembly (TİM) said however that imports dropped 1.53 percent, reaching $19.180 billion.

Turkey’s total exports in the last 12-month period rose 4.5 percent compared to the previous 12 months to stand at $147.3 billion, TIM added.

In a related development, Deputy Prime Minister Mehmet Şimşek has said that the Turkish government intends to propose a set of new economic reforms that would improve the conditions of exporters and increase Turkish exports.

“Exports are a must for more balanced growth. Growth based solely on domestic demand has limits. For this reason, we should continue pushing our exports,” Şimşek said at a press conference.
Turkey needs to export for well-balanced, sustainable, and higher growth, and also escape the middle-income trap, Şimşek added.

His comments came as data released by the Customs and Trade Ministry showed on Sunday that Turkey’s trade deficit narrowed 8.57 percent year-on-year in June to $6.021 billion.