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Turkish-Saudi Missile Exports Skyrocket by 600% from January to April with Improved Relations

by John Pierce
July 3, 2023
in Business
2 min read
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Turkey’s exports to Saudi Arabia rose to nearly $800 million during the January-April period, showing positive results. of Normalization of relations between the two countries countries.

based on on Turkish Exporters Association (TIM) data, Turkey’s exports to Saudi Arabia have witnessed a significant rise growth of over 600% in The period from January to April, to reach A total value of $780.5 million.

Relatively speaking, over the same period last yearExports to Saudi Arabia amounted to $107.4 million, highlighting the significant rise in trade between the two peoples.

Saudi Arabia, accountant for about 1% of Turkish total exports in Four-month period, ranked 22nd best export destination for Turkey during this period.

in terms of Turkey’s main export destinations From January to April, Germany took first place with Exports totaled $6.279 billion, followed by the United States with $3.863 billion, Italy with $3.753 billion, United Kingdom with 3.632 billion dollars, Spain with $3.248 billion, France with $2.242 billion, Russia with $3.203 billion, Iraq with 2.777 billion dollars, the Netherlands with $2.179 billion and Romania with $1.876 billion.

During this period, the two countries in Türkiye increased its foreign sales in terms of The value was Russia with 1.7 billion dollars and Saudi Arabia with $673.9 million.

these countries France followed with $418.8 million, Ukraine with $398.6 million, Switzerland with $263.4 million, Kazakhstan with $251.9 million, United Arab Emirates with $229.3, Belarus with $192.7 million, Slovenia with $181.5 and Georgia with $141.2 million.

Meanwhile, the carpet sector emerged as leading industry in Turkish exports to Saudi Arabia during the specified period.

Between January and April, the carpet industry exported a total of $109.4 million to the state, which indicates its outstanding status in trade.

After the carpet industry, other prominent sectors in terms of The value of exports to Saudi Arabia was cereals, legumes, oilseeds and related products, which accounted for for $81.2 million.

The chemical industry and its products followed closely with $77.9 million, while it was ready-made clothes and apparel It amounted to 66.8 million dollars. Electricity and electronics sector also made Great contribution with Total exports 56.6 million dollars.

When examining the regional distribution of Exports, Istanbul led way with $336.2 million, followed by the southeastern province of Gaziantep with $120.8 million.

Ankara recorded 48.4 million dollars, south of Hatay 44.7 million dollars, and northwestern Bursa 28.5 million dollars. in Overseas sales during this period.

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