Turkey’s exports decreased by around 8.7 percent to $143.7 billion in 2015 compared to 2014 due to fluctuations in parity, a plunge in commodity prices and escalating geopolitical risks, according to data from the Exporters’ Assembly of Turkey.
The developments caused around $30 billion in losses in Turkey’s exports in 2015, Economy Minister Mustafa Elitaş said at a meeting on January 4.
“While our exports on the euro basis were around 48.3 billion euros in 2014, this figure rose to $53 billion euros in 2015. As we announce our final figures on the U.S. dollar, our exports have, however, seen a decrease. Turkey saw around $12.9 billion in losses in its exports due to this parity effect in 2015. If such an effect had not been the case, we would have posted the same export figures as 2014,” he was quoted as saying by Reuters.