Türkiye’s greatest industrial enterprises have seen their manufacturing gross sales leap by nearly 120% in 2022, a intently watched annual examine mentioned on Tuesday.
The high 500 Turkish industrial corporations’ gross sales jumped from TL 2.48 trillion ($90.95 billion) in 2021 to TL 4.485 trillion final yr, a 119% year-over-year improve, confirmed the ISO 500 record, ready by the Istanbul Chamber of Industry (ISO).
ISO Chair Erdal Bahçıvan, addressing a news convention in Istanbul to announce the outcomes, drew consideration to the buoyant efficiency of the largest industrial corporations.
“In this high rate of increase, we can say that the strong performance in exports, vibrant domestic demand, the rise in exchange rates and prices, and the increase in export revenues in Turkish lira terms played a decisive role,” he famous.
“When the data for 2022 is adjusted for year-end consumer inflation, it is seen that production sales increased by 33.3% in real terms compared to 2021,” Bahçıvan added.
Recalling that Turkish exports rose by 12.9% to $254 billion in 2022, Bahçıvan mentioned that the exports of the highest 500 industrial enterprises soared by 14.1% to almost $98 billion.
“The export growth of the ISO 500 was thus 1.2% higher than the overall performance of Türkiye, while its share in the country’s industrial exports stood at around 40%,” he famous.
The variety of publicly-opened corporations inside the ISO 500 on the similar time reached its highest stage up to now, with 73 such enterprises.
According to the analysis, the refinery large Tüpraş preserved its high place with manufacturing gross sales of TL 418.4 billion whereas Star Refinery, which was third in 2021, rose to second place with gross sales value TL 189.2 billion.
Automotive firm Ford Otomotiv, which ranked second in gross sales in 2021, moved one place down the bar with manufacturing gross sales totaling TL 140.1 billion in 2022.
Source: www.dailysabah.com