MACHNERY EXPORTS TO GERMANY HAS DOUBLED

Turkeys machinery exports to Germany, rose by 94.4 percentage between January and September this year,as compared with the same period in 2010,according to statistics was announced by Turkeys Exporters Assembly (TM). Machinery exportations to Germany went up $746.9 million during the period, up from $384.1 million for the same period last year. Machineries for mining, building, the food industry, and compressors and pumps were amongst the classes,were exported mostly to Germany, according to the Central Anatolia Machinery Exporters Union (OAB), the Asia Minor news agency reported yesterday. In the meantime, during the first nine months of the year, the countrys total machine exportations also expanded to $6.11 billion, compared to about $4.55 billion for the same period of 2010,n other words t means that export expanded more than 34 percent. increasing exports of machine groups were : cooling machineries, industrial air conditioners, machinery components and parts, reactors and cauldrons. Except Germany, Turkey exported most of its machinery products during the first nine months of the year to Iran with $414.56 million, the United Kingdom with $322.08 million, Russia with $301.52 million and Iraq with

$265.04 million, Meanwhile, Turkey exported machinery worth $190.44 million to Azerbaijan and $161.56 million to Saudi Arabia.

Turkey purposes to export $12 billion worth of machinery by the years end, according to Dalgakran. In order for the machinery sector to achieve its $100 billion-export target by 2023, it has to grow 22 to 23 percentage on average yearly, he said. To accomplish such aims a respectable increase in research and development activities and structural adjustments are necessary, said Dalgakran. http://machinery.furkey.com/en-US/turkish-machinery-sector/1252-machinery-exports-to-germanyhas-doubled.html