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Turkey’s Gulf exports increased by 16.1% in January, totaling $1.43 billion

by John Pierce
July 3, 2023
in Business
2 min read
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Turkey’s exports to the Gulf countries witnessed a significant increase of 16.1% in January, compared to last year, reaching $1.43 billion (26.9 billion TL).

the country’s total exports in January rose to $19.38 billion, up 10.4% from the same month in 2022, according to data from the Turkish Exporters Association (TIM).

In the Gulf region, Turkey exported $671.2 million to Iraq, $223.1 million to the UAE, $202.8 million to Saudi Arabia, $191.7 million to Iran, $54.9 million to Qatar, $45.4 million to Kuwait, and $27.6 million to Kuwait. Oman, and $14.3 million to Bahrain. Notably, Saudi Arabia showed highest proportional increase in exports in January.

was the jewelry sector leading industry in Exports to the United Arab Emirates, with a total value of $31.3 million in January.

In January, Turkey’s exports to the Gulf countries She was driven various sectors.

Chemicals and products topped the list with exports worth 2.3 million dollars for Bahrain and 46.8 million dollars for Iran. last leading The sectors included grains, pulses, oilseeds and products that were exported to Iraq with 164 million dollars, and furniture that was exported to Qatar with $8.1 million.

In addition, ready-made clothes and apparel It was exported to Kuwait with 5.7 million dollars, while the carpet sector witnessed exports worth 29.3 million dollars to Saudi Arabia. They were cereals, pulses, oilseeds and products also exported to oman, with a total value of 6 million dollars.

in terms of provinces, Istanbul was the largest source of the Gulf countries in January, with Total exports 522.6 million dollars. Specifically, Istanbul exported $122 million to the UAE, $7.2 million to Bahrain, $178 million to Iraq, $112.6 million to Iran, $27 million to Qatar, $20.3 million to Kuwait, and $65 million to dollars to Saudi Arabia, and 9.5 million dollars to Oman.

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