DENİB Export Data for July Has been Announced

Homex Magazine > DENİB Export Data for July Has been Announced

Export data for July were announced in Konya. Minister of Trade Dr. Mehmet Muş, President of the Turkish Exporters Assembly Mustafa Gültepe and DENIB President Hüseyin Memişoğlu also took part in the meeting, which was attended by the export family. Commenting on the export data, President Memişoğlu stated that  our country's export increased by 13.4% in July to 18.6 billion dollars, and the exports of Denizli announced by TIM were $331 million, an increase of 1.1 percent.
 
DENIB President Hüseyin Memişoğlu stated that demand decline is intense in the UK, the Euro Area and the United States, which are the most important markets for Denizli exports, and this situation is felt on the export side, said, “As is known, developed countries explain figures well above the inflation they are used to. The current inflation rate in the UK is 9.4 per cent, in the Eurozone it is 8.9 per cent, and in the US it is 9.1 per cent. The data in question are too high for these countries and developments that households are not familiar with. This situation also led to a change in consumer habits. There has been a significant decline in requests. The ready-to-wear-garment sector, which is the locomotive of our exports and includes home textiles, is one of the sectors affected by the decrease in demand."
              
 
"We are closely monitoring global developments, recession expectations and developments in parity"
 
Referring to global developments, DENIB President Hüseyin Memişoğlu continued his statements as follows:
“We can state that the global system has been experiencing various problems since 2008. The markets have been experiencing the effects of the financial crisis that began with the bankruptcy of Lehman Brothers in the United States for a long time. the Covid-19 pandemic that emerged in 2020 and, finally, the Russia-Ukraine War bring about disruptions in the supply chain, logistics problems, lack of supply in various sectors, increases in energy and food prices. These developments continue to affect world trade. On the other hand, I would also like to touch on the Euro/Dollar parity. In the January-July 2021 period, the parity which followed at the levels of 1.20, has declined to 1.08 in the same period of 2022. The average for the month of July this year was 1.0181. Considering that almost half of our exports are denominated in euros, we can say that the downturn in the Euro / Dollar has affected our exports. Our province's exports have been increasing for 26 months. In July, we became the 8th province with the most exports. We are closely examining the developments in all our sectors. As we have always stated, our sectoral diversity and the dynamic structure of our exporters are our most important characteristics that distinguish us in a positive sense. We will continue our work to achieve our goal of $ 5 billion by the end of the year,” he said.

 
DENIB President Hüseyin Memişoğlu stated that demand decline is intense in the UK, the Euro Area and the United States, which are the most important markets for Denizli exports, and this situation is felt on the export side, said, “As is known, developed countries explain figures well above the inflation they are used to. The current inflation rate in the UK is 9.4 per cent, in the Eurozone it is 8.9 per cent, and in the US it is 9.1 per cent. The data in question are too high for these countries and developments that households are not familiar with. This situation also led to a change in consumer habits. There has been a significant decline in requests. The ready-to-wear-garment sector, which is the locomotive of our exports and includes home textiles, is one of the sectors affected by the decrease in demand."
              
 
"We are closely monitoring global developments, recession expectations and developments in parity"
 
Referring to global developments, DENIB President Hüseyin Memişoğlu continued his statements as follows:
“We can state that the global system has been experiencing various problems since 2008. The markets have been experiencing the effects of the financial crisis that began with the bankruptcy of Lehman Brothers in the United States for a long time. the Covid-19 pandemic that emerged in 2020 and, finally, the Russia-Ukraine War bring about disruptions in the supply chain, logistics problems, lack of supply in various sectors, increases in energy and food prices. These developments continue to affect world trade. On the other hand, I would also like to touch on the Euro/Dollar parity. In the January-July 2021 period, the parity which followed at the levels of 1.20, has declined to 1.08 in the same period of 2022. The average for the month of July this year was 1.0181. Considering that almost half of our exports are denominated in euros, we can say that the downturn in the Euro / Dollar has affected our exports. Our province's exports have been increasing for 26 months. In July, we became the 8th province with the most exports. We are closely examining the developments in all our sectors. As we have always stated, our sectoral diversity and the dynamic structure of our exporters are our most important characteristics that distinguish us in a positive sense. We will continue our work to achieve our goal of $ 5 billion by the end of the year,” he said.