Turkish April exports fall 33.75 pct year on year-exporters
Güncelleme Tarihi:
Reuters
Oluşturulma Tarihi: Mayıs 01, 2009 12:42
ANKARA - Turkish exports fell 33.75 percent year-on-year in April to $7.52 billion, the Turkish Exporters Association (TIM) said on Friday, underlining a trend of steep contraction in the economy this year.
Haberin Devamı
The TIM figures come almost a month before official data, which they tend to match. Official data showed on Thursday exports fell 28.4 percent in March to $8.18 billion, showing a sharp reduction in demand from key European markets.
Automotive exports, which constitute nearly 17 percent of total exports, fell 50.69 percent in March from a year earlier. The figures showed exports in the first 4 months fell 33.21 percent year-on-year to $28.51 billion.
The figures showed Turkey's exports fell 3.37 percent to $113.35 billion in the last 12 months.
The International Monetary Fund expects Turkey's economy to shrink 5.1 percent this year, after posting growth of 1.1 percent in 2008.