Testimonials

RW Freight collect on time; I’m happy to use them as the carrier for my swedish exports.

80874
Swedish Exports Client

I have never had any problems with any of the imports from Sweden that RW Freight services have carried for me. Overall I was very impressed with the whole service.

Sweden Freight Imports
72515

RW Freight Services provided me with an excellent service when they carried out my export to Norway. There was a small issue at the beginning of the shipment, but that was sorted out as quickly as possible by their friendly staff, and the rest of the export ran smoothly.

Freight Export to Norway
74501

More Testimonials

air freight Australia Canada cargo China container containers Denmark Egypt exporters exports exports China Finland France freight freight forwarders freight forwarding Freight Shipping Germany Gothenburg Hong Kong imports India Ireland italy Japan logisitics logistics Netherlands Norway Poland rail freight russia Seafreight shipping South Africa Spain Sweden Sweden freight Swedish Switzerland Turkey U.S.A USA wine

Turkey Exports affected by currency

Tags: ,


The dramatic rise in the U.S. dollar against other currencies has had a huge negative effect over the Turkey’s exports. Under normal conditions, the loss of the Turkish Lira’s value against the dollar would be expected to be good for Turkey’s exports, but it is not. As Turkey mainly makes its imports on a dollar basis and its exports on a euro basis (to its largest market, the European Union), the plummeting value of the euro against the dollar has hit Turkey’s exports.

Turkey’s manufacturing activities are mainly based on imported raw materials and semi-products, which are bought on the more expensive dollar, but are sold on the cheaper euro abroad.

According to data from the Turkish Statistics Institute, Turkey conducted around $157.6 billion in exports in 2014. But according to temporary data from the Customs and Trade Ministry, the country’s exports fell 8.5 percent to $143.9 billion in 2015.

Elitaş said the continuing plunge in oil and other commodity prices also negatively affected Turkey’s exports in 2015.