Turkey’s exports to UK rise 12.2% in The first quarter of This is amazing year compared to the same period in 2021, 3.57 billion dollars (52.33 billion Turkish liras).
The country’s total exports increased by 20.8%. in The first quarter of The year compared to the same period of Previous year It was worth $60.2 billion, according to the Turkish Exporters Association (TIM).
In the first quarter of The United Kingdom became the fourth country to enter Turkey made Most of the foreign sales.
United kingdom share in Turkey’s exports 5.54% in mentioned period.
In the first Three months of 2022, countries with The highest Exports were Germany, the United States and Italy, respectively.
sector which made Most exports to the UK in This period was the automobile industry. Automotive industry exports to the UK increased by 7.3% in The first quarter compared to the same period last yearto $812.6 million.
The highest exports were made from Istanbul in The first Three months. Istanbul is followed by northwest Kocaeli and west by Izmir, Denizli, and Bursa, respectively.
exports of Business growth from Istanbul to the UK accelerated by 18.6% in In the January-March period, it amounted to $1.23 billion.
Osman Okyay head of The Turkish-British Business Council of the Council on Foreign Economic Relations (DEIK) told Anadolu Agency (AA) that the United Kingdom, one of Turkey’s most important export market, maintains critical location in Foreigner trade.
‘Export volume of 3 billion dollars in The first quarter of 2022 is a strong indicator of Biology in Economies after the COVID-19 pandemic plus Turkey’s growing capabilities in production,” he said.
Okyay said they expect both Turkey and the UK to increase their economic activities and trade Sizes with Their open rhetoric and policies to improve trade relations after Brexit.
“I think we will achieve a lot new successes in Our bilateral trade and economic relations in particular with extension of Free Trade Agreement Signed in December 2020 which prevents damage to trade between the two countries After Brexit to cover the service sector, digital And financial Services and Agriculture soon Such as possible confirmed Okyay.
He stressed that as the Turkish-British Business Council, they will continue to strengthen trade relations between the two countries countries and continue to work for Turkey while maintaining cooperation with all stakeholdersfor The success of Turkish-British Trade Relations.
Turkey and the United Kingdom, in essential milestonesigned for free trade an agreement in 2020, which is officially in effect after Britain left European Union.
The historic deal has been described as the most important deal in Turkey trade Deal since 1995 Customs Union with European Union.
Meanwhile, London and Ankara are said to have started negotiations on a more Inclusive trade swear.
