The Ministry of Trade reported that Turkey ranked first among the G20 countries in the increase in service exports in the second quarter of this year compared to the previous quarter.
The Organization for Economic Co-operation and Development (OECD) has published its second quarter international trade statistics report for 2024.
In the statement, it was stated that the services sector has an important place in the country's economy with the export size, the positive critical contribution of the surplus in the foreign trade balance to the current balance, high value-added production and the employment it creates, and the following information was shared:
⁇ Our country; With the service exports of 101.7 billion dollars in the 100th year of our Republic, it has increased to 22nd place by taking a 1.29 percent share of the world service exports. In the first 6 months of 2024, where we set a service export target of 110 billion dollars, it is seen that our service exports increased by 9.5 percent compared to the same period of last year and reached 47.2 billion dollars, and our service imports realized as 23.1 billion with an increase of 11.8 percent compared to the same period of last year. Thus, we get an average trade surplus of 50 percent in services trading. ⁇
TURKEY IS THE MOST REDUCED COUNTRY IN THE SECOND QUARTER
According to the OECD's report, the rate of increase in G20 countries' goods exports remained constant compared to the first quarter of 2024, and service exports continued to grow in the same period, unlike goods exports, ⁇ Turkey ranks first in the G20 countries in the rate of increase in service exports in the second quarter of 2024 compared to the previous quarter, while the rate of increase in service imports in the said countries is the country with the highest decrease. ⁇ information was shared.
In the second quarter of last year, service exports of the G20 countries increased by 1.9 percent compared to the previous period, while the country's service exports increased by 4.7 percent.
In the same period, service imports of G20 countries increased by 1.1 percent, while service imports of our country decreased by 3 percent (seasonally adjusted data). In this respect, our country, which ranked first among the G20 countries in the increase in service exports in the second quarter of 2024, was also the country whose service imports decreased the most in the said period.
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