Turkey’s annual exports reach $101.6 billion.

Turkey’s annual exports reached $97.07 billion in 2009, according to data released January 4 by the Turkish Exporters’ Assembly. State Minister Caglayan said he expected the official year-end export to be slightly better at $101.6 billion when they are announced officially January 29 by Turkstat. He also noted that exports rose 32.2 percent from $7.1 billion in December 2008 to $9.5 billion in December 2009. Turkey exported the highest value of goods in 2009 to Germany followed by Britain, Italy, France, Iraq, Russia, Spain, the U.S., Iran, and the UAE according to the Turkish Exports’ Assembly. Its export target volume for 2010 is $111 billion.

Turkey’s substantial increase in December exports from a year earlier reflects the precipitous drop in Turkish exports at the end of 2008. Nonetheless, the increase in export figures in Turkey’s third and forth quarters of 2009 indicates Turkey’s steady recovery from the global financial crisis. 

Source: Hurriyet Daily

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