Gültepe

High costs are hurting exports, putting achieving the export target set for 2024 at risk, says Mustafa Gültepe, the head of the Türkiye Exporters' Assembly (TİM).

Speaking at a press conference, Gültepe recalled that Türkiye's merchandise and service exports for this year are $267 billion and $110 billion, respectively.

Turkish exporters will focus more on large economies, such as the U.S, China and India, this year, as they aim to boost goods and service export revenues to a total of $402 billion, says Mustafa Gültepe, the head of the Turkish Exporters' Assembly (TİM).

"We are shifting our focus to the alternative markets with large import potential," he told reporters.

The attacks on commercial ships in the Red Sea by Yemen's Houthi rebels have rerouted a majority of global trade away from the crucial maritime artery for goods and supplies that are likely to impact Turkish consumers through rising prices.