Turkish Exporters' Assembly

Turkey's exports hit an all-time high for January with a 17 percent annual jump to $17.6 billion according to initial data, Trade Minister Mehmet Muş said on Feb. 2. 

Goods produced in Turkey will be labeled "Made in Türkiye" and local institutions will use "Türkiye" as the country's name in all sorts of official correspondence and activities, according to a presidential decree.

The exports of Turkey's jewelry sector increased by 48.5 percent in the January-July period compared to the same period of the previous year and reached $2.91 billion.

Turkey exported jewelry worth $1.96 billion in the first seven months of 2020.

The combined sales of passenger cars and light commercial vehicles (LCVs) declined by 45.3 percent on an annual basis to 47,850 units in July, according to data from the Automotive Distributors' Association (ODD).

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It was followed by a 12.5 percent year-on-year increase in June.

Turkish business representatives released strong messages of unity and solidarity on the fifth anniversary of a defeated coup attempt in the country on July 15, 2016.

Nail Olpak, head of the Foreign Economic Relations Board of Turkey (DEIK), said the nation stood firm against the coup attempt of the FETÖ, which sought to plunge Turkey into darkness.

Turkey's top defense company Aselsan has been placed 48th in Defense News Top 100 list for 2020 with $2.2 billion in revenues.

The prestigious American magazine compiles the list in accordance with companies' annual defense revenues.

Aselsan increased its defense revenues by 2 percent year-on-year in 2020, according to Defense News.

Turkey's exports to EU countries this January-June soared 42 percent on a yearly basis to reach $40.86 billion, according to official figures.

The country's overall exports were up 39.9 percent to $104.98 billion in the same period, according to data compiled by Anadolu Agency from Turkish Exporters' Assembly (TİM) figures.

The Turkish automotive sector's total production has reached 415,187 vehicles in the first four months of this year, an industrial group said on May 9.

Istanbul-based companies achieved $6.1 billion worth of exports last month, taking a 38.2% share in Turkey's exports, according to information compiled from the data by the Turkish Exporters' Assembly (TIM).

In February, the sector that exports the most products from Istanbul was ready-to-wear and apparel with $1.3 billion of exports, taking a lion share with 16.9%.

The Turkish garment industry plans to make more than $20 billion in exports in 2021, according to the head of the Turkish Exporters' Assembly (TIM) on Jan. 21. 

In a written statement, Ismail Gülle said ready-to-wear clothing exceeded 10% of the country's total exports in 2020, adding that the sector had managed to increase its exports in eight of 12 months last year.