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.
Turkey's Role in Logistics and Transportation Sector
Turkey plays a critical role in the global logistics network due to its geographical location at the intersection of Europe, Asia, Africa and the Middle East. Our country has the potential to become not only a transit point, but also a major logistics center with its advanced transportation infrastructure. Turkey's strategic location allows it to be within a 4-hour flight distance to 67 countries with a trade volume of 8.6 trillion dollars and inhabited by 1.4 billion people worldwide.
Turkey's logistics and transportation sector has become a growing market every year. In 2021, 24 billion dollars of 61 billion dollars of service exports were realized by logistics and transportation services. In 2022, this figure increased to 35.3 billion dollars, and the total exports %It was 39.6. This situation shows how important the contribution of the logistics sector to Turkey's economic growth is. As of 2023, Turkey's service exports are targeted to reach 100 billion dollars and 35 billion dollars of this is expected to be realized by logistics and transportation services.
Turkey exports logistics services in the world ranking with 35 billion dollars of service exports %It has 2.5 shares and ranks 11th. Among the targets of 2024, it is expected that 110 billion dollars of service exports and 40 billion dollars of this will come from the logistics and transportation sector. While this figure is aimed to reach 200 billion dollars in 2028, logistics and transportation service exports are planned to increase to 78 billion dollars.
The development of the logistics and transportation sector is also directly related to the support provided by the state. Until the end of 2023, approximately 18.5 million TL was provided within the scope of General Supports for this sector and 1 billion TL was provided through the Turquality Support Program. Turkey is determined to increase its transportation and logistics infrastructure investments in order to strengthen its position in global trade.
Combining logistics services on transportation corridors, increasing the scales and creating transfer centers for intermodal transportation are among the goals of our country. Establishing logistics centers abroad and supporting distribution networks that will strengthen supply chains are also important strategies. These investments are carried out in line with global trends such as sustainability, environmental awareness, and connectivity to large markets.
By increasing the support provided in the logistics sector and overcoming the obstacles experienced for the transporters, export products will reach their markets faster, more economically and safely. In this context, the logistics and transportation sector is becoming an important part of Turkey's economic growth story.
Our Foreign Trade According to Transportation Methods (USD)
Mode of Carriage
Exports (in USD)
Import (in USD)
2021
2022
2023
2021
2022
2023
the Highway
68.749
78.879
83.235
48.896
59.446
66.942
the Sea Freight
133.714
150.255
143.358
157.390
193.799
195.172
the Railroad Station
1.648
2.460
1.960
2.891
2.968
1.996
the Airline
18.735
20.686
25.511
26.057
38.581
53.840
The other(Transportation by mail, line, etc.)
2.366
1.892
1.710
36.189
68.917
43.821
THE TOTAL TOTAL
225.214
254.172
255.777
271.425
363.711
361.774
Source of: Ministry of Commerce, 19/02/2024. The value is: Millions of US Dollars
When our export data in terms of monetary value (USD) is evaluated in terms of transportation modes, in 2023, during the first period of export transportations %It is seen that the seaway is located with 56. This ratio once again demonstrates the importance and effectiveness of the seaway in international trade. Sea transportation ensures the economical and safe transportation of large volumes of cargo.
In the second row %There is a road mode with 32.5. Road transport plays an important role, especially in short-haul and regional trade. Road transport stands out with its flexibility and the advantage of being able to offer door-to-door services. In the third place %Air transport is available with 9.9. Although air transport is fast and reliable, it can be higher in cost than other modes.
The last row %It takes railway transportation with 0.7. Railway transportation is especially preferred for the transportation of large and heavy loads. However, the fact that the railway infrastructure is limited and disadvantaged compared to other modes in terms of flexibility keeps the utilization rate low.
In terms of monetary value (USD), it is seen that the seaway takes place in the first place in 2023 in our imports. Our exports of 361 billion dollars ,9 ⁇ u was transported by sea. This situation shows how critically the seaway plays a role in the import processes as well. In the second row %Road mode with 18.5, while in third place %There are 14.8 airlines, and the last %The railroad is at 0.55. These data clearly reveal the dominance of the seaway and the shares of other modes of transportation in import transportation.
Our Foreign Trade According to Transportation Methods (Quantity-Ton)
Mode of Carriage
Export (Quantity-Kg)
Import (Quantity-Kg)
2021
2022
2023
2021
2022
2023
the Highway
31.810
32.164
31.405
12.161
14.409
15.821
the Sea Freight
144.882
140.831
128.231
184.041
187.196
206.814
the Railroad Station
1.381
1.651
1.382
1.455
1.260
811
the Airline
913
1.234
1.513
117
121
130
The other(Transportation by mail, line, etc.)
240
174
174
863
1.095
893
THE TOTAL TOTAL
179.228
176.056
162.707
198.639
204.083
224.471
Source of: Ministry of Commerce, 19/02/2024. The value is: A thousand tons
