Exports Continued to Rise in January!
The foreign trade data in the Machinery Sector were announced recently. The total value of exports in January increased by 65% compared to 2018 and reached 69 million USD. This value is all-time high in the Ag-Machinery industry. These figures do not include export of tractor components / parts. With this data, our sector ranked 7th among 22 sectors in general machinery export.
Turkish Tractor Production Falls in January as Orders Decline!
Referring to the figures released by the Turkish Statistical Institute(TUİK), Turkish Tractor factories turned out 1,445 units in January, as overall production fell by 73.9% year-on-year in the first month of 2019. Nevertheless, total exports increased by 49.8% that depending upon the volatile conditions of the domestic market.
Ag-Machinery Economic Update: Exports Surge to Record Growth in 2018!
According to the provisional data released for the fiscal year 2018, the total value of exports in the agricultural machinery increased by %27 compared to 2017 and the turnover reached 831 million USD in this period. This is the highest international trade turnover of all-time and Ag-Machinery industry set a record growth in 2018. Consequently, the industry ranked 7th among 22 machinery industries respectively according to the export revenues.
Tractor Sales Continue to Fall Sharply In November!
The decline in the Tractor Sales continued in November. According to the figures released by the Turkish Statistical Institute, traffic registration of 3.578 unit tractors included 2017 and 2018 model year, was made in November 2018. Accordingly, the number of registered tractors degreased by %52 compared to the same month of the previous year as high interest rates, fuel prices and upfront insurance costs kept away buyers.
