On January 2, the Turkish Exporters' Association (TIM) revealed that in 2011 Turkey's total export value amounted to $134.6 billion, up 18.2 percent year on year, hitting an all-time record since the establishment of the Republic of Turkey.
In December this year, Turkey's motor vehicle sector had the highest export value of the country's industrial sectors with $1.77 billion, while Turkey's steel exports totaled $1.42 billion in value, increasing by 11.76 percent year on year and up 24.65 percent as compared to the previous month, according to the provisional foreign trade statistics.
On the other hand, in the whole year of 2011, Turkey's steel export value came to $15.35 billion, rising by 25 percent as compared to the previous year.
Turkey's top 10 steel export destinations in 2011:
Country | Export value (x million $) |
Iraq | 1,316 |
UAE | 1,015 |
Italy | 889.5 |
Saudi Arabia | 847.1 |
USA | 755.95 |
Egypt | 711.57 |
Iran | 552.58 |
Israel | 529.4 |
Germany | 443.5 |
Singapore | 415.5 |