BusinessTurkiye

Turkiye Breaks Export Record to Czechia

January-May Exports Reach an All-Time High of $683.7 Million

Turkiye achieved a record-breaking export performance to Czechia, reaching $683.7 million in the first five months of the year. While Turkiye continues to expand its exports across its primary market, Europe, it is also strengthening trade relationships with other countries on the continent.

Czechia, one of the leading countries in Central Europe, remains a significant market for Turkish exports. Czech companies have invested $660 million in Turkiye, while Turkish companies have invested $40 million in Czechia.

Renewable Energy Presents Significant Opportunities

With a robust economy and expertise in the automotive, energy, porcelain, crystal, and machinery sectors, Czechia offers substantial opportunities for collaboration in renewable energy with Turkiye. The stable and growing Turkish economy has encouraged Czech companies to seek more business and investment opportunities in Turkiye.

According to the Turkish Exporters Assembly (TIM), Turkiye’s exports to Czechia in the first five months of the year increased by 1.7% compared to the same period last year, achieving the highest January-May export figure ever recorded.

Automotive Industry Leads the Export Surge

The automotive industry led Turkiye’s exports to Czechia with $185.3 million. This was followed by iron and steel exports at $92.7 million, chemicals at $77.2 million, electrical and electronics at $63.8 million, and ready-made garments and apparel at $47.1 million.

The sectors with the least demand included ornamental plants and products ($21,000), tobacco ($121,000), fisheries and animal products ($624,000), dried fruits and products ($1.012 million), and ship yachts and services ($1.334 million).

Automotive Industry Tops Value Growth

In terms of value growth, the automotive industry saw the highest increase, boosting its exports to Czechia by $27.7 million in the January-May period. Following this were electrical and electronics with an increase of $13.8 million, cereals, pulses, oilseeds, and products with $9 million, chemicals and products with $4.4 million, and machinery and accessories with $2.3 million.

The cereals, pulses, oilseeds, and products sector exported $39.3 million, while the machinery and accessories sector exported $25.8 million to Czechia.

Leading Exporting Provinces

Istanbul was the top exporting province to Czechia, with exports worth $328.8 million. Other leading provinces included Izmir ($56.5 million), Bursa ($52.1 million), Sakarya ($47.6 million), and Kocaeli ($47 million).

Source: Trthaber / Prepared by Irem Yildiz

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