Turkey's exports increased in April to USD 11.8 billion keeping the rate of increase in exports for the first 4 months of 2011 at more than 22% compared to the same period last year.
Mr Mehmet Büyükekşi president of TİM said that “Turkey had exported nearly USD 43.3 billion overseas in the January and April period up 22.2% from a year ago. If this sharp growth trend in exports continues at a similar pace for the rest of the year, Turkey will reach a record-high export volume of some USD 135 billion. April's increase in the export sector came despite the fact that the Middle East and North Africa region has been experiencing havoc, and also while the Turkish lira has gained notable value against the US dollar because of present uncertainties in the world's largest economy.”
Mr Büyükekşi stated that “Exports to the MENA region have dramatically declined, nearing almost zero in Libya. However, recent revolts in Syria have not affected exports to this country yet. Despite the ongoing uncertainties in the Middle East and North Africa and the increased value of the Turkish lira against the US dollar, Turkey managed to export nearly USD 43.3 billion in goods in the January to April period this year, signaling that it may earn an all time high of USD 135 billion in export revenue in 2011”
( Source: www.steelguru.com )