Service export target of 120 billion dollars from the Ministry of Commerce

The Ministry of Commerce stated that 25.8 billion dollars of service exports were realized in the first 4 months, and that they aim to exceed 120 billion dollars in total for the year.

In the statement made by the Ministry of Commerce, in order to be the locomotive of Turkey’s economic development, it is necessary to develop and support all items of export, such as tourism, air, land, sea and rail transport, health tourism, foreign student admission, informatics and software, and TV series export. It is stated that the works are continuing.

Pointing out that Turkey’s service exports have increased more than 6 times in the last 20 years on this subject, the statement said, “Our service exports, which were 14 billion dollars in 2002, increased by 47 percent in 2022 compared to the previous year, and broke a record of 90.5 billion dollars. Thus, our services balance of 50 billion dollars has taken an important place in closing the current account deficit.

rose to 23rd place

In the statement, it was reported that Turkey’s success in international service exports showed itself and rose to the 23rd rank with a share of 1.3 percent in the world.

Emphasizing that with the increase achieved in service exports last year, Turkey has become the country with the highest increase rate among the top 30 exporting countries in the world after Spain. Reminds me that it’s a dollar.

The statement noted:

“The target is to exceed 120 billion dollars in the 100th year of our Republic. As the Ministry of Commerce, the resources transferred to the service sectors as of the beginning of 2023 are 774 million 730 thousand 132 liras, and the total budget allocated for 2023 is 2.5 billion liras. As the Ministry of Commerce, the In today’s world where property is intensive, creativity and innovation are the main axis, we continue to work to move forward with firm steps towards our goals by increasing our investments and support for our sub-sectors and items that bring a net surplus to the CBRT’s Balance of Payments.

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