What happened
2015 was a year in which both our exports and Turkey in general could not gain acceleration as much as they intended due to negative developments in global conjuncture. We see that upward trend ongoing in recent years was broken off in 2015 and there was a decline of 8,7% compared to the previous year in accordance with this year's total export of 144 billion dollars.In this fall, of course, factors such as political fluctuations, relations with our neighbors and the decline in the purchasing power in Russia in parallel with the fall in oil and natural gas prices played a part. As for the textile and raw materials industry, we completed 2015 with a highly significant export figure of 8 billion dollars, though it was under what we had aimed at. In other words, Turkish textile industry exported a container every two minutes. We could not gain sufficient acceleration due to limited foreign demand. In that sense, the textile industry, as well as the other export items was affected adversely. We also need to lay emphasis on the parity effect as a significant factor over the fall in our exports. Depreciation of the currency of our main export markets (European Union, Middle East and North Africa, Russia) and the Turkish lira against dollar was the greatest factor over the decline in our export which we value in dollars.
2015 was a year in which both our exports and Turkey in general could not gain acceleration as much as they intended due to negative developments in global conjuncture. We see that upward trend ongoing in recent years was broken off in 2015 and there was a decline of 8,7% compared to the previous year in accordance with this year's total export of 144 billion dollars.In this fall, of course, factors such as political fluctuations, relations with our neighbors and the decline in the purchasing power in Russia in parallel with the fall in oil and natural gas prices played a part. As for the textile and raw materials industry, we completed 2015 with a highly significant export figure of 8 billion dollars, though it was under what we had aimed at. In other words, Turkish textile industry exported a container every two minutes. We could not gain sufficient acceleration due to limited foreign demand. In that sense, the textile industry, as well as the other export items was affected adversely. We also need to lay emphasis on the parity effect as a significant factor over the fall in our exports. Depreciation of the currency of our main export markets (European Union, Middle East and North Africa, Russia) and the Turkish lira against dollar was the greatest factor over the decline in our export which we value in dollars.
Why it matters
2015 was a year in which both our exports and Turkey in general could not gain acceleration as much as they intended due to negative developments in global conjuncture. We see that upward trend ongoing in recent years was broken off in 2015 and there was a decline of 8,7% compared to the previous year in accordance with this year's total export of 144 billion dollars.In this fall, of course, factors such as political fluctuations, relations with our neighbors and the decline in the purchasing power in Russia in parallel with the fall in oil and natural gas prices played a part. As for the textile and raw materials industry, we completed 2015 with a highly significant export figure of 8 billion dollars, though it was under what we had aimed at. In other words, Turkish textile industry exported a container every two minutes. We could not gain sufficient acceleration due to limited foreign demand. In that sense, the textile industry, as well as the other export items was affected adversely. We also need to lay emphasis on the parity effect as a significant factor over the fall in our exports. Depreciation of the currency of our main export markets (European Union, Middle East and North Africa, Russia) and the Turkish lira against dollar was the greatest factor over the decline in our export which we value in dollars.
2015 was a year in which both our exports and Turkey in general could not gain acceleration as much as they intended due to negative developments in global conjuncture. We see that upward trend ongoing in recent years was broken off in 2015 and there was a decline of 8,7% compared to the previous year in accordance with this year's total export of 144 billion dollars.In this fall, of course, factors such as political fluctuations, relations with our neighbors and the decline in the purchasing power in Russia in parallel with the fall in oil and natural gas prices played a part. As for the textile and raw materials industry, we completed 2015 with a highly significant export figure of 8 billion dollars, though it was under what we had aimed at. In other words, Turkish textile industry exported a container every two minutes. We could not gain sufficient acceleration due to limited foreign demand. In that sense, the textile industry, as well as the other export items was affected adversely. We also need to lay emphasis on the parity effect as a significant factor over the fall in our exports. Depreciation of the currency of our main export markets (European Union, Middle East and North Africa, Russia) and the Turkish lira against dollar was the greatest factor over the decline in our export which we value in dollars.
2015 was a year in which both our exports and Turkey in general could not gain acceleration as much as they intended due to negative developments in global conjuncture. We see that upward trend ongoing in recent years was broken off in 2015 and there was a decline of 8,7% compared to the previous year in accordance with this year's total export of 144 billion dollars.In this fall, of course, factors such as political fluctuations, relations with our neighbors and the decline in the purchasing power in Russia in parallel with the fall in oil and natural gas prices played a part. As for the textile and raw materials industry, we completed 2015 with a highly significant export figure of 8 billion dollars, though it was under what we had aimed at. In other words, Turkish textile industry exported a container every two minutes. We could not gain sufficient acceleration due to limited foreign demand. In that sense, the textile industry, as well as the other export items was affected adversely. We also need to lay emphasis on the parity effect as a significant factor over the fall in our exports. Depreciation of the currency of our main export markets (European Union, Middle East and North Africa, Russia) and the Turkish lira against dollar was the greatest factor over the decline in our export which we value in dollars.
Where the market goes next
2015 was a year in which both our exports and Turkey in general could not gain acceleration as much as they intended due to negative developments in global conjuncture. We see that upward trend ongoing in recent years was broken off in 2015 and there was a decline of 8,7% compared to the previous year in accordance with this year's total export of 144 billion dollars.In this fall, of course, factors such as political fluctuations, relations with our neighbors and the decline in the purchasing power in Russia in parallel with the fall in oil and natural gas prices played a part. As for the textile and raw materials industry, we completed 2015 with a highly significant export figure of 8 billion dollars, though it was under what we had aimed at. In other words, Turkish textile industry exported a container every two minutes. We could not gain sufficient acceleration due to limited foreign demand. In that sense, the textile industry, as well as the other export items was affected adversely. We also need to lay emphasis on the parity effect as a significant factor over the fall in our exports. Depreciation of the currency of our main export markets (European Union, Middle East and North Africa, Russia) and the Turkish lira against dollar was the greatest factor over the decline in our export which we value in dollars.
2015 was a year in which both our exports and Turkey in general could not gain acceleration as much as they intended due to negative developments in global conjuncture. We see that upward trend ongoing in recent years was broken off in 2015 and there was a decline of 8,7% compared to the previous year in accordance with this year's total export of 144 billion dollars.In this fall, of course, factors such as political fluctuations, relations with our neighbors and the decline in the purchasing power in Russia in parallel with the fall in oil and natural gas prices played a part. As for the textile and raw materials industry, we completed 2015 with a highly significant export figure of 8 billion dollars, though it was under what we had aimed at. In other words, Turkish textile industry exported a container every two minutes. We could not gain sufficient acceleration due to limited foreign demand. In that sense, the textile industry, as well as the other export items was affected adversely. We also need to lay emphasis on the parity effect as a significant factor over the fall in our exports. Depreciation of the currency of our main export markets (European Union, Middle East and North Africa, Russia) and the Turkish lira against dollar was the greatest factor over the decline in our export which we value in dollars.
2015 was a year in which both our exports and Turkey in general could not gain acceleration as much as they intended due to negative developments in global conjuncture. We see that upward trend ongoing in recent years was broken off in 2015 and there was a decline of 8,7% compared to the previous year in accordance with this year's total export of 144 billion dollars.In this fall, of course, factors such as political fluctuations, relations with our neighbors and the decline in the purchasing power in Russia in parallel with the fall in oil and natural gas prices played a part. As for the textile and raw materials industry, we completed 2015 with a highly significant export figure of 8 billion dollars, though it was under what we had aimed at. In other words, Turkish textile industry exported a container every two minutes. We could not gain sufficient acceleration due to limited foreign demand. In that sense, the textile industry, as well as the other export items was affected adversely. We also need to lay emphasis on the parity effect as a significant factor over the fall in our exports. Depreciation of the currency of our main export markets (European Union, Middle East and North Africa, Russia) and the Turkish lira against dollar was the greatest factor over the decline in our export which we value in dollars.
2015 was a year in which both our exports and Turkey in general could not gain acceleration as much as they intended due to negative developments in global conjuncture. We see that upward trend ongoing in recent years was broken off in 2015 and there was a decline of 8,7% compared to the previous year in accordance with this year's total export of 144 billion dollars.In this fall, of course, factors such as political fluctuations, relations with our neighbors and the decline in the purchasing power in Russia in parallel with the fall in oil and natural gas prices played a part. As for the textile and raw materials industry, we completed 2015 with a highly significant export figure of 8 billion dollars, though it was under what we had aimed at. In other words, Turkish textile industry exported a container every two minutes. We could not gain sufficient acceleration due to limited foreign demand. In that sense, the textile industry, as well as the other export items was affected adversely. We also need to lay emphasis on the parity effect as a significant factor over the fall in our exports. Depreciation of the currency of our main export markets (European Union, Middle East and North Africa, Russia) and the Turkish lira against dollar was the greatest factor over the decline in our export which we value in dollars.
2015 was a year in which both our exports and Turkey in general could not gain acceleration as much as they intended due to negative developments in global conjuncture. We see that upward trend ongoing in recent years was broken off in 2015 and there was a decline of 8,7% compared to the previous year in accordance with this year's total export of 144 billion dollars.In this fall, of course, factors such as political fluctuations, relations with our neighbors and the decline in the purchasing power in Russia in parallel with the fall in oil and natural gas prices played a part. As for the textile and raw materials industry, we completed 2015 with a highly significant export figure of 8 billion dollars, though it was under what we had aimed at. In other words, Turkish textile industry exported a container every two minutes. We could not gain sufficient acceleration due to limited foreign demand. In that sense, the textile industry, as well as the other export items was affected adversely. We also need to lay emphasis on the parity effect as a significant factor over the fall in our exports. Depreciation of the currency of our main export markets (European Union, Middle East and North Africa, Russia) and the Turkish lira against dollar was the greatest factor over the decline in our export which we value in dollars.
Operational takeaway
2015 was a year in which both our exports and Turkey in general could not gain acceleration as much as they intended due to negative developments in global conjuncture. We see that upward trend ongoing in recent years was broken off in 2015 and there was a decline of 8,7% compared to the previous year in accordance with this year's total export of 144 billion dollars.In this fall, of course, factors such as political fluctuations, relations with our neighbors and the decline in the purchasing power in Russia in parallel with the fall in oil and natural gas prices played a part. As for the textile and raw materials industry, we completed 2015 with a highly significant export figure of 8 billion dollars, though it was under what we had aimed at. In other words, Turkish textile industry exported a container every two minutes. We could not gain sufficient acceleration due to limited foreign demand. In that sense, the textile industry, as well as the other export items was affected adversely. We also need to lay emphasis on the parity effect as a significant factor over the fall in our exports. Depreciation of the currency of our main export markets (European Union, Middle East and North Africa, Russia) and the Turkish lira against dollar was the greatest factor over the decline in our export which we value in dollars.
2015 was a year in which both our exports and Turkey in general could not gain acceleration as much as they intended due to negative developments in global conjuncture. We see that upward trend ongoing in recent years was broken off in 2015 and there was a decline of 8,7% compared to the previous year in accordance with this year's total export of 144 billion dollars.In this fall, of course, factors such as political fluctuations, relations with our neighbors and the decline in the purchasing power in Russia in parallel with the fall in oil and natural gas prices played a part. As for the textile and raw materials industry, we completed 2015 with a highly significant export figure of 8 billion dollars, though it was under what we had aimed at. In other words, Turkish textile industry exported a container every two minutes. We could not gain sufficient acceleration due to limited foreign demand. In that sense, the textile industry, as well as the other export items was affected adversely. We also need to lay emphasis on the parity effect as a significant factor over the fall in our exports. Depreciation of the currency of our main export markets (European Union, Middle East and North Africa, Russia) and the Turkish lira against dollar was the greatest factor over the decline in our export which we value in dollars.