Turkiye Increased Exports to Neighboring Countries by $11.6 Billion in Six Months

Turkiye’s Exports to Iran, Greece, Iraq, Georgia, Syria, and Bulgaria Rise by 11.6% Year-on-Year in the First Half of the Year

In the first half of the year, Turkiye’s exports to its neighboring countries saw a significant increase, reaching $11.6 billion. According to data from the Ministry of Trade and the Turkish Exporters Assembly, Turkiye’s exports from January to June rose by 2% year-on-year to $125.446 billion, with a notable rise in exports to neighboring countries Iran, Greece, Iraq, Georgia, Syria, and Bulgaria.

From January to June, Turkiye’s exports to these six countries totaled $11.630 billion, compared to $10.420 billion in the same period last year. This marks an 11.6% increase in exports to neighboring countries in the first half of the year.

Iraq was the leading importer, receiving $5.036 billion worth of goods from Turkiye. Bulgaria followed with $2.061 billion, Greece with $1.558 billion, Georgia with $1.152 billion, Iran with $1.120 billion, and Syria with $703.560 million.

All six countries saw an increase in exports year-on-year, with Greece and Iraq experiencing the highest growth rates of 18.2% and 17.2%, respectively.

Chemical products were the top export sector, with $1.690 billion worth of goods sold to these countries. This was followed by cereals, pulses, oilseeds, and their products at $1.528 billion, and the steel sector at $968 million.

Turkiye shares land borders with eight neighboring countries: Iran, Greece, Iraq, Georgia, Bulgaria, Nakhchivan (an exclave of Azerbaijan), and Armenia. However, Nakhchivan data was excluded, and there is no direct trade with Armenia.

Source: Trthaber / Prepared by Irem Yildiz

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