HomeEconomyTürkiye achieves record $88.4M in November exports to Kyrgyzstan

Türkiye achieves record $88.4M in November exports to Kyrgyzstan

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Türkiye achieved its highest-ever November export quantity to Kyrgyzstan, reaching $88.4 million, marking an almost 28% rise in comparison with final yr, in line with a report on Sunday.

The growing volumes present that the nation continues to interrupt export data in various markets. Strengthening relations with these markets yields optimistic outcomes, considerably contributing to bilateral commerce volumes.

As a part of President Recep Tayyip Erdoğan’s go to to Kyrgyzstan final month, 19 agreements had been signed between the 2 international locations.

Last yr, the commerce quantity between Türkiye and Kyrgyzstan approached $2 billion, and Türkiye ranked among the many prime 5 traders in Kyrgyzstan.

According to knowledge compiled by the Anadolu Agency (AA) from the Turkish Exporters Assembly (TIM), Türkiye’s exports to Kyrgyzstan in November elevated by 27.9% in comparison with the identical interval final yr, amounting to $88.4 million.

Industrial merchandise dominated exports to Kyrgyzstan, with the highest 9 export sectors falling below the commercial class.

The jewellery sector led the way in which, with $37.9 million in exports final month. Other notable sectors included ready-to-wear and attire ($8.5 million), chemical compounds and chemical merchandise ($8.1 million), the automotive business ($7.2 million), electrical and electronics ($5.3 million), textiles and uncooked supplies ($4.3 million), equipment and gear ($2.7 million), carpets ($2.5 million), and HVAC methods ($2.2 million).

In phrases of export worth progress, the jewellery sector noticed the best enhance, rising by $33.1 million. Following this, the automotive business shipments grew by $5.6 million, chemical compounds and chemical merchandise by $3.6 million, electrical and electronics by $3 million, and HVAC methods by $1.1 million.

On a provincial degree, corporations primarily based in Istanbul accounted for the biggest share of exports to Kyrgyzstan in November, with $65.8 million. Bursa adopted with $5.9 million, Ankara and Gaziantep with $3.3 million every, and Izmir with $2.1 million.

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Source: www.dailysabah.com

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