According to data from the Turkish Exporters Assembly (TIM), Turkey's exports to China increased by 51 percent in July compared to the same period last year, reaching $312.9 million.
Turkey's exports to China increased by 51%
While demand for Turkish products from China, which demonstrated its interest in the Turkish market with the investment of BYD, the world's largest electric vehicle manufacturer, continues, Turkish companies continue to increase their exports to the country.
Within the scope of the investment agreement signed between BYD and the Ministry of Industry and Technology, the company is expected to establish a production facility with an annual capacity of 150 thousand vehicles and a mobility R&D center in Turkey with an investment of approximately 1 billion dollars.
While demand for Turkish products from China, which demonstrated its interest in the Turkish market, continues, Turkish companies are also continuing to increase their exports to this country.
According to data from the Turkish Exporters Assembly (TIM), Turkey's exports to China increased by 51 percent in July compared to the same period last year, reaching $312.9 million.
China thus became the 16th country to which Turkey exported the most last month. Exports to the country increased by 37.5 percent compared to June. Exports to China increased by 11.6 percent in the January-July period compared to the same period last year, rising to $1.8 billion.
Mining products came to the fore
The highest amount of exports to the country in July was in the mining sector with $187.6 million.
This sector was followed by chemical substances and products with $63.9 million, iron and non-ferrous metals with $9.6 million, textiles and raw materials with $8.2 million, and the electrical and electronics sector with $6.5 million.
Mining products also stood out in exports to China in the January-July period. The sector realized exports of $992.2 million to this country in this period. In the January-July period, $312.2 million worth of chemical substances and products, $93.3 million worth of iron and non-ferrous metals, $73.6 million worth of textiles and raw materials, and $51.5 million worth of hazelnuts and products were exported to China.
According to data from the Turkish Exporters Assembly (TIM), Turkey's exports to China increased by 51 percent in July compared to the same period last year, reaching $312.9 million.
Turkey's exports to China increased by 51%
While demand for Turkish products from China, which demonstrated its interest in the Turkish market with the investment of BYD, the world's largest electric vehicle manufacturer, continues, Turkish companies continue to increase their exports to the country.
Within the scope of the investment agreement signed between BYD and the Ministry of Industry and Technology, the company is expected to establish a production facility with an annual capacity of 150 thousand vehicles and a mobility R&D center in Turkey with an investment of approximately 1 billion dollars.
While demand for Turkish products from China, which demonstrated its interest in the Turkish market, continues, Turkish companies are also continuing to increase their exports to this country.
According to data from the Turkish Exporters Assembly (TIM), Turkey's exports to China increased by 51 percent in July compared to the same period last year, reaching $312.9 million.
China thus became the 16th country to which Turkey exported the most last month. Exports to the country increased by 37.5 percent compared to June. Exports to China increased by 11.6 percent in the January-July period compared to the same period last year, rising to $1.8 billion.
Mining products came to the fore
The highest amount of exports to the country in July was in the mining sector with $187.6 million.
This sector was followed by chemical substances and products with $63.9 million, iron and non-ferrous metals with $9.6 million, textiles and raw materials with $8.2 million, and the electrical and electronics sector with $6.5 million.
Mining products also stood out in exports to China in the January-July period. The sector realized exports of $992.2 million to this country in this period. In the January-July period, $312.2 million worth of chemical substances and products, $93.3 million worth of iron and non-ferrous metals, $73.6 million worth of textiles and raw materials, and $51.5 million worth of hazelnuts and products were exported to China.