SHIP AND YACHT EXPORTS INCREASED BY 42 PERCENT IN MARCH

Turkey’s March exports increased by 42.2 percent compared to the same month last year. The ship and yacht sector exported a total of 153 million 993 thousand dollars to 66 countries was the sector that increased its exports the most.

According to the data of the Turkish Exporters’ Assembly (TIM), the exports of the vessel and yacht sector, which was 68 million 798 thousand dollars in March 2020, increased by 123.8 percent in the same period of this year and increased to 153 million 993 thousand dollars.

The share of vessels and yachts sector exports in Turkey’s total exports amounted to 0.9 percent.

THE HIGHEST EXPORT INCREASE ON THE BASIS OF QUANTITY TO NORWAY

The country with the highest exports of the vessel and yacht industry last month was recorded as Norway. 108 million 571 thousand dollars’ worth of exports were made to Norway in February.

Norway was followed by Malta with 11 million 686 thousand dollars, the USA with 9 million 70 thousand dollars, the United Kingdom with 6 million 718 thousand dollars, and Romania with 6 million 480 thousand dollars.

Considering the change in the export volume of the sector by country, the highest export increase on an amount basis was recorded in Norway with 89 million 884 thousand dollars.

Considering the sub-items of the sector, in March, the biggest contribution to the exports of the sector was the export of vessels with 120 billion 939 million 248 thousand dollars, followed by exports of yachts, vessels, and boats with 12 billion 470 million 269 thousand dollars.

On March 7 billion 978 million 774 thousand dollars of marine tankers, 6 billion 621 million 408 thousand dollars of tugboats, 4 billion 826 million 179 thousand dollars of ship sub-industry, and 1 billion 157 million 448 thousand dollars of other sea vehicles that are excluded of this classification were exported.

“2021 WILL BE A SUCCESSFUL YEAR IN EXPORT FOR OUR SECTOR”

Chairman of Ship and Yacht Exporters Association Cem Seven, said that they were pleased to be the sector which had increased the export most in March in Turkey.

Indicating that monthly periods can be misleading to evaluate the export amounts for the ship and yacht services sector, Seven said:

“Our industry had a reverse situation in the first months of the year. When interpreting export data of our industry, it is useful to approach with wider time intervals. Our industry, which had exported marine tankers and yachts in the first two months of the year, started to deliver other main business products, fishing vessels, and tugboats, in March.

Although it has not been fully reflected in the figures as of the first quarter of the year, it gives the impression that 2021 will be a successful year in terms of exports for our industry. Many of our shipyards will deliver their orders this year. Especially in the second half of the year, we aim to increase the sector’s exports with much higher acceleration and to exceed the export amount of 1 billion 375 million dollars achieved with a record increase in exports last year.”