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.
Test Fees of Mechanization Tools Increased by %23,73 After Tax Revaluation of 2019
The price list of "Circulating Capital Enterprises" for 2019 was published by the Ministry of Agriculture and Forestry. Within the scope of the revaluation rates for the current year of assessment, an increase of 23,73% was envisaged in the fee tariffs of 2019, which also included the test fees of mechanization equipment and vehicles.
