Turkey's exports gain momentum in February

Turkey’s exports gain momentum in February

Turkey's exports, which slowed in January because of religious holiday, began to pick up momentum in February. The Turkish Exporters Assembly (TIM) said that Turkey's exports rose 51.2% year-on-year to $5.73 billion in January 2005. Exports totaled $10.74 billion in the first two months of 2005, up 27% year-on-year. This suggests that exports will continue to gain throughout the year. Ready-to-wear exports among the industrial products rose 36.8% year-on-year to 1.17 billion last month. Exports of motor vehicles and subsidiary industries amounted to $1.11 billion, up 91.9% year-on-year.