Turkish exports rose 3.4 per cent in February.
Sales of goods to target markets like India and Mexico also recorded substantial growth.

On a sectoral basis, the automotive industry came first in February exports. Turkey’s export champion industry was followed by chemicals, and the textile and garment sector. The highest sectoral increase was seen in the shipping and yacht sector, whose exports rose by 35.4 per cent.

Exports of manufacturing goods accounted for 81.3 per cent of Turkey’s total exports last year.

The exports-to-imports coverage ratio based on the general trade system advanced to 88.6 per cent in February, up from 69.4 per cent in the same month last year. The ratio formed on the special trade system also increased from 69.4 per cent to 86.1 per cent last month.

Germany, the UK and Italy were the top three destinations for Turkish exports in February. The sale of goods to the European Union recorded a 2.3 per cent rise. The share of the EU in Turkish exports totaled 51.7 per cent. Spain and the US ranked fourth and fifth, respectively, in the top export markets list of February. Strikingly, exports to Malta rose by 18 times and exports to Niger and Gabon tripled.