Turkey’s exports declined by 10.5 per cent in November to $11.44 billion year on year owing to currency fluctuations and geopolitical risks, according to temporary data revealed by the Exporters’ Assembly of Turkey (TİM) on December 1, 2015.

The country’s exports declined by 8.6 per cent to around $132 billion in the first 11 months of the year compared to the same period of the previous year, according to the TİM data. Turkey’s 12-month exports saw a decrease of around 7.8 per cent to $145.2 billion, according to a statement from the association. The largest amount of exports was made by the automotive sector in November at around $1.92 billion in November, followed by the ready-made clothing sector and the chemical materials sector, both of which, however, saw a 6.3 per cent decrease and 12.8 per cent decrease, respectively, in November compared to the same month of 2014.

While its exports to Africa increased by 0.7 per cent, its exports to the European Union regressed by 0.9 per cent, to North America by 11.2 per cent and to the Middle East by 19 per cent. Exports to Russia declined by 38 per cent to $3.5 billion in the first 11 months of the year compared to the same period of 2014.

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