Turkey’s share in global exports reached a record level – Last Minute Economic News

In the statement made by the Ministry, it was stated that according to the statement of the World Trade Organization (WTO), Turkey’s exports differ positively from global exports and said, “In this context, based on the data announced by the WTO, global goods exports will decrease by 5 percent in 2023 to 23.8 trillion.” While Turkey’s goods exports increased by 1 percent to 256 billion dollars despite weak global demand and earthquake disasters, Turkey’s share in global exports will increase from 1.02 percent in 2022 to 1 percent in 2023, with an increase of 0.06 points. “It rose to .08 and reached the highest level in history.”

“SERVICE EXPORTS EXCEEDED 100.8 BILLION DOLLARS”

Noting that regional differentiation in global goods exports draws attention, “While import demand decreased sharply in Europe, it decreased in North America and remained flat in Asia. It was observed that goods exports increased in energy exporting economies. Thus, the trade volume of goods increased by 3 percent in 2022.” It decreased by 1.2 percent in 2023. The WTO expects the global trade volume to increase by 2.6 percent in 2024 and 3.3 percent in 2025. However, the WTO states that regional conflicts, geopolitical tensions and political uncertainties pose significant downside risks to the forecasts. stated. Global service exports increased by 9 percent, reaching 7.8 trillion dollars. Turkey’s service exports reached 100.8 billion dollars, and its share in global exports reached a record level of 1.3 percent. As the Ministry of Commerce, added value, We continue to work with all our strength to increase Turkey’s share in global production and trade with the policies and strategies we pursue in the perspective of innovation and competitiveness-oriented production and exports. “In order to further strengthen our position in the global supply chain, we will make the best use of the trends in global trade and continue to increase the gains we have achieved.”