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Turkey’s exports to the UAE rise over 50% after Erdogan’s visit

by John Pierce
July 3, 2023
in Business
2 min read
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President Recep Tayyip Erdogan’s recent visit to the United Arab Emirates has stimulated Turkey’s exports to the Gulf country. with External sales data for February reflects the warm relations between countries.

As a result, Turkey’s exports to the UAE increased by 52.4%. last Compared to the previous month, according to an Anatolia Agency (AA) report citing data by the Turkish Exporters Association (TIM).

Exports to the UAE in February was valued at $303.24 million, an increase of 29.1% over the same period of Previous year.

Gulf State also rose to 17 place in terms of Turkey’s largest export market in February.

The visit, which was described as historic developmentit was important step in Strengthening political and economic relations between the two countries countries.

This came after the Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al Nahyan, visited Turkey on November 24, 2021, a first Journey since relations froze in 2012.

During the visit, around 13 agreements were signed between Turkey and the UAE across a variety of of Including fields defense Industry, health, climate change, industry, technology, culture, agriculture, trade and economy, land and sea transportation, youth, disaster management, meteorology and communications.

Top jewelry exports

The jewelry industry has contributed the most to exports to the UAE in February, with $90.86 million.

followed him defense and the aviation industry with $35.38 million Chemicals and products with Carpet Industry $22.74 Million with 15.76 million dollars and the sectors of cereals, pulses, oilseeds and products with $15.6 million.

In this period, the highest more in Foreign sales of the country on the basics of value was in jewelry sector. Jewelery industry exports to the UAE increased by $44.9 million in February compared to the previous month.

Last month , highest number of The foreign sales of the Emirates came from Istanbul, which contributed 162.47 million dollars in exports.

the two countries They saw their relationships affected by regional tensions, including conflict in Libya, where the UAE and Turkey supported opposing sides in Last few years.

Turkey last year UAE accused of He brought chaos to the Middle East through his interventions in Libya and Yemen, while the Emirates and several other countries countries Turkey criticized military Procedures.

Relations hit The lowest level ever when Erdogan said that Ankara could suspend diplomatic relations with Abu Dhabi administration after the Emirates signed an agreement with Israel.

Turkey also side with Qatar in Gulf dispute, which puts it at odds with UAE, Saudi Arabia and Egypt, while Turkish support last year UN-backed Libya helped government in Tripoli drive back UAE-backed forces are trying to control the capital.

However, the year 2021 saw Turkey seek to consolidate relations with regional kit countries And old enemies after many tumultuous years.

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