Turkey's machinery exports near half of imports

Turkey's machinery exports totaled $4.4 billion against $9.3 billion imports in the first half of 2010, Turkey's foreign trade minister said.

Turkey's machinery exports near half of imports

 

Turkey's machinery exports totaled $4.4 billion against $9.3 billion imports in the first half of 2010, Turkey's foreign trade minister said on Wednesday.

Zafer Caglayan, who spoke at a meeting on machinery import regulations, said that Turkey's machinery exports dropped to $8.1 billion in 2009 from $10.3 billion in 2008 due to global financial crisis. Likewise, imports fell to $17.1 billion in 2009 from $22.5 billion in 2008.

Caglayan said Turkey has become a country that could achieve machinery exports worth $10 billion a year and ship goods to 228 countries in the world.

However, he said major problems for Turkish machinery exporters were high input costs and financing troubles.

Caglayan estimated Turkish machinery exports as $100 billion by 2023 and said government was working on a new plan to increase share of Turkish goods in public procurements.
 

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Last Mod: 12 Ağustos 2010, 09:47
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