When the import data of the same periods are examined in detail, the ratio of exports to imports was 83.2% in September 2021, while this rate was 69.4% in September 2022 (TUIK, 2022). In other words, in September of 2021, 83.2 of every $100 import was met by exports, while in 2022 this coverage decreased to $69.4.
When the country's currency depreciates, goods become cheaper in foreign markets and exports are expected to increase. At the same time, it is expected that imported products will become expensive and decrease in their entry into the country. When we look at Turkey, there is an increase in exports due to the depreciation of the country's currency. However, it could not reach the desired level. Because 41% of our exports are met by EU countries and there are economic problems in EU countries. In addition, due to the fact that we export goods with high flexibility, the first products that countries give up are our export products.
Although Turkey has expanded its export spectrum in recent years, it still has a large share in our EU exports. We can say that the role that our exports will play in the coming days will become clear depending on the economic course of Europe and the embargoes that Russia will impose on Europe. To comment on the current situation, the situation does not look bright for exporters (Eğilmez, 2022).
Assist. Prof. Burcu SAVAŞ ÇELİK
